Hedge Funds

  • Risks of Hedge Fund Operations, Hearing on Hedge Fund Operations Before H Comm. on Banking, 105th Cong. (1998)
  • 1998 1001 - GOV (House) - Hedge Fund Operations Risks 
    • [PDF-? , VIDEO-CSPAN]
    • Greenspan, Long-Term Capital Management
  • 1998 1001 - GOV (House) - Hedge Fund Operations Risks
    • [PDF-?, VIDEO-CSPAN]
    • Long-Term Capital Management
    • Brooksley E. Born
    • Richard R. Lindsey, Dir., Div. of Mkt. Regulation, SEC - Testimony - 
    • 1:15:00 - Richard Baker (R-LA)
    • The House Banking Committee heard testimony on hedge funds and their effect on the global economy. Federal monetary officials, investors and professors testified.
    • 13: - [Bonk: sounds like what happened to AIG]
  • 1999 0428 - PWG / President's Working Group - Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management, Report of The President's Working Group on Financial Markets - [PDF-140]
  • 2006 0725 - GOV (Senate) - Regulation of Hedge Funds, Richard Shelby (R-AL)
    • [PDF-58p, VIDEO-CSPAN]
    • SEC - Christopher Cox, Chairman, Securities and Exchange Commission
    • CFTC - Reuben Jeffery, III, Chairman, Commodity Futures Trading Commission
    • DOTT - Randal K. Quarles, Under Secretary for Domestic Finance, Department of the Treasury
    • Senate - Committee on Banking, Housing, and Urban Affairs

Risks of Hedge Fund Operations, Hearing on Hedge Fund Operations Before H Comm. on Banking, 105th Cong. (1998) (testimony of )
http://www.sec.gov/news/testimony/testarchive/1998/tstyl 498.htm

  • Hedge funds are not a recent invention, as the founding of the first hedge fund is conventionally dated to 1949.2
    • A 1968 survey by the Securities and Exchange Commission (“SEC”) identified 140 funds operating at that time. During the last two decades, however, the hedge fund industry has grown substantially.
    • Although it is difficult to estimate precisely the size of the industry, a number of estimates indicate that as of mid-1998 there were between 2,500 and 3,500 hedge funds managing between $200 billion and $300 billion in capital, with approximately $800 billion to $1 trillion in total assets.
    • Collectively, hedge funds remain relatively small when compared to other sectors of the U.S. financial markets.
      • At the end of 1998, for instance, commercial banks had $4.1 trillion in total assets; mutual funds had assets of approximately $5 trillion; private pension funds had $4.3 trillion; state and local retirement funds had $2.3 trillion;
        and insurance companies had assets of $3.7 trillion.3 

1999 0428 - PWG / President's Working Group - Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management, Report of The President's Working Group on Financial Markets - [PDF-140]

  • 2006 - LR - On the Decision to Regulate Hedge Funds: The SEC’s Regulatory Philosophy, Style, And Mission, by Troy A. Paredes - 62p