No need for more hedge fund regulation, US group says

The President's Working Group on Financial Markets (PWG) said: "The current regulatory structure... is working well." The group comprises the heads of the Securities and Exchange Commission, the US Treasury, the Commodity Futures Trading Commission and the Federal Reserve.
In its statement of principles, the group emphasised it was up to investors to exercise due diligence. It highlighted conflicts of interest, risk management, personnel and valuation as areas where investors should pay

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