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COPYRIGHT 2005 Greenwich Time
Byline: Julie Fishman-Lapin
Sep. 16--Increased hedge fund regulation and reform may be the politically-correct rallying cry following the collapse of Stamford-based Bayou Management LLC, but industry insiders say a knee-jerk reaction could be damaging to Connecticut's economy.
Hedge funds are investment pools loosely regulated by the federal Securities and Exchange Commission, but stricter oversight could push hedge funds to move their operations offshore, say observers. That, they say, could be a blow to the state, particularly to lower Fairfield County where it's estimated that 40 percent of the country's hedge funds are domiciled.
"(The hedge fund industry) is something to be understood, it is not something to be feared. You cannot paint an...
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