The truth about hedge funds

William P. Osterberg and James Thomson

Economic Commentary, 1999, issue May

Abstract: Do hedge funds help or hurt the financial markets in which they operate? The highly publicized troubles of Long Term Capital Management have once again focused the attention of policymakers and the press on the hedge fund industry and the cry for its regulation. This Economic Commentary refutes some of the commonly held myths about hedge funds and examines the rationale for regulating them.

Keywords: Hedge funds; Investments (search for similar items in EconPapers)
Date: 1999
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