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Regulatory fun and games

Regulators have used both a stick and a carrot approach to hedge fund providers and promoters over the past 12 months, and in so doing have twisted global distributors of hedged products in a variety of directions.

In the US, the SEC has announced closer scrutiny of prime brokerage, hedge fund fraud, distribution of hedged products and money laundering via hedge fund portfolios. On 14-15 May, the

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