Regulation inevitable but needs to avoid political pitfalls

While most agree regulation of the hedge fund industry is unavoidable, there are concerns that politics will overwhelm common sense. The benefits the industry provides international finance are many. Too much regulation or laws unfocused and poorly prepared could not only hurt the hedge fund industry but also global financial markets. Co-ordinating regulation of a global industry will not be easy. Without some co-ordination, however, jurisdictional arbitrage will merely drive hedge funds to t