Over the wall
Regulators have begun to question just how serious hedge funds are about preventing insider trading. Some of the larger funds are setting up Chinese walls to avoid conflicts of interest. But for many, the cost of compliance is just too high. By Gareth Gore
Chinese walls: they sure don't make them like they used to. At one time, a single decree was all it took to begin construction of a wall hundreds of miles long to defend China's Qin empire against the warring Mongols to the north. Yet two millennia on, some financial institutions seem unable to put up even a plasterboard Chinese wall to halt flows of sensitive market information.
Hedge funds are
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