Hedge funds argue against tougher rules at CFTC roundtable

Investors should be free to pick risky strategies, managers say


Hedge funds should not be subjected to enhanced capital, leverage and liquidity rules, fund managers warned US regulators at a Commodity Futures Trading Commission roundtable on risk management practices yesterday, arguing that increased regulatory requirements would stifle innovation and liquidity.

"[Regulators] shouldn't be telling hedge funds what contracts they can negotiate or how much leverage they can have," said Manish Mital, general counsel at Halcyon Asset Management in New York, addin