Through the legal looking glass
2003 was a busy year for hedge fund lawyers and the procession of legal and regulatory requirements shows no sign of stopping in 2004
2003 was a year of unprecedented scrutiny for the hedge fund industry. On the one hand, the industry came under attack for a variety of alleged abuses, particularly following revelations of systemic late trading and market timing by hedge funds in the United States. On the other hand, the industry was extolled for its ability to generate positive returns in declining markets and with promoting
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