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COPYRIGHT 2006 Voxant, Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BECKY QUICK, CNBC ANCHOR: And another industry that is no stranger to lots of cash, the hedge funds. Now this is a group that has become a major force in domestic and global markets, $1.5 trillion under management, give or take a few hundred million. Hedge funds are responsible for nearly a third of the nation`s stock-trading volume. It has even been reported that two hedge fund managers earned over a billion dollars apiece last year alone. Now thanks to a recent court ruling, it looks like it will take an act of Congress potentially to give the government power to actually regulate these investment vehicles. The debate over whether hedge funds should be regulated is sparking some extreme responses from inside the hedge fund world.
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WHITNEY TILSON, T2 PARTNERS/TILSON MUTUAL FUNDS: There is so much money to be made in this business when you are making 20 percent of the profits that it is just invites abuse of the markets and abuse of one`s own investors.
JASON MANDEL, MANAGING PARTNER, HMFUND.COM: If they are just jealous and they are envious that hedge funds can use strategies like low volatility strategies, arbitrage strategies, and unfortunately, a bulk of other money managers are tied to long-only...
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