Donaldson has Personal Concerns' Re Hedge Funds

Summary


WASHINGTON (HedgeWorld.com) - The chairman of the Securities and Exchange Commission testified before a committee of the Senate on investor-protection issues as they relate both to mutual funds and hedge funds.

In his address to the banking committee April 8, William H. Donaldson commended its members on the breadth of their oversight hearings since late trading and market-timing abuses came to light last fall.

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Extract


Donaldson has Personal Concerns' Re Hedge Funds

"Like you," he said, "I am outraged by the conduct that has come to light in the recent mutual fund scandals. In large part...

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