Through a glass, darkly - socially responsible investment and hedge funds

These are the days that try the hearts of hedge funds. Just when it seemed the regulatory onslaught was easing, another threat to the industry has manifested itself.



While the Securities and Exchange Commission (SEC) investigation into Goldman Sachs may be politically motivated, aimed at enhancing the SEC’s position as a tough regulator with further clampdowns on errant banks and built on rather shaky foundations, the fallout for hedge funds could be profound.

Paulson & Co is as close to a hedge fund icon as is possible. Its funds are the Holy Grail for many investors. To be dragged into the spotlight and seen to be doing such borderline

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