Hedge Funds: Turning ‘Private’ The New Game In Town

Are hedge funds dodging the Dodd-Frank?

That may be putting it a bit strongly, but certainly more and more hedge funds are looking to convert to ‘family offices’ - vehicles that are less exposed to the rigors of regulatory compliance. True, these are mostly funds that have a substantial chunk of their funds owned by the fund manager or his family themselves, but the fact remains that the advantages of ‘privatizing,’ so to speak, outweigh the prospects of returning all the public monies.

Giant loophole

According to...