PWG recommends no change to hedge fund rules

Risk staff
01 Mar 2007

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Despite its growth over the past seven years, there is no need to improve regulation of the private investment industry, a US government working group has reported.

The President's Working Group on Financial Markets (PWG), a group comprising the heads of the Securities and Exchange Commission, the US Treasury, the Commodity Futures Trading Commission and the Federal Reserve, said: "The current regulatory structure ... is working well."

In its statement of principles, the group emphasised it was up

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