On the Outside of Hedge Funds Looking In
A great analysis about the game of governmental regulation over top investors. An excerpt:
“Why stop with hedge funds?” asked Kenneth A. Gruber, a professor of biological sciences at California State Polytechnic University at Pomona, Calif. He said if the SEC wants to be paternalistic it should look to protect investors from other risky investments, such as penny stocks. “Does any sophisticated investor [or the SEC] believe that penny stocks are a safer investment than hedge funds? I submit it is easier to lose one’s shirt on penny stock investments than in hedge funds. Where will it end?”
