GAO report urges government monitoring of hedge funds

02/26/2008 | InvestmentNews (free registration)

Hedge funds still present a systemic risk to investors and need careful monitoring by regulators, a Government Accountability Office report released Monday said. Hedge funds have improved disclosure and transparency, but "not all investors have the capacity to analyze the information they receive from hedge funds," the report said. The number of hedge funds have tripled to 9000 since 1999.

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