Hedge funds to go independent if banks shed assets

US - Hedge fund managers have downplayed any negative effects the US government's plans to curb bank activities with hedge funds could have on pension fund investors, saying many of those cut adrift from banks could set themselves up independently.

Last month, President Barack Obama also proposed stopping banks investing in or running private equity funds. (Global Pensions; January 22, 2009) The practitioners added that his final goal, banning...

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