Hedge Funds Self-Govern As Regulator Worries Rise

Regulatory power on Wall Street has increased. There's no denying it. Since the 2008 Financial Crisis both the populist view and much of Washington opinion has put the blame squarely on the shoulders of investment banks and hedge funds. The laying of the blame for the incredibly complicated circumstances at the feet of one player in the game seems more a matter of political and media expediency than anything else. Whether or not you agree on the causes of the crisis one thing is certain, regulatory authorities have increased pressure on firms. With the greater scrutiny financial institutions have begun to enforce regulations of their own to keep them...