CT Considering Hedge Fund Bill

Hartford Business – February 2010

Some Connecticut lawmakers are resurrecting efforts to pass new state regulations on the hedge fund industry, frustrated by what they see as inaction in Washington.

The legislature’s Banks Committee has scheduled a public hearing for Thursday on the latest version of the hedge fund legislation.

Sen. Robert Duff, D-Norwalk, co-chairman of the General Assembly’s Banks Committee, says last year’s failed bill that required hedge funds and private equity funds to disclose conflicts of interest between an investor and a fund manager, will be “a starting point” for new legislation this year aimed at making the industry more transparent for investors.

Full article is available here:  Hartford Business