Hedge Fund Regulation - Just Say No

Alacra has only a handful of private equity firms and hedge funds as customers.  This is because our investment banking clients usually provide them (their clients) with whatever research they need.  So I don't pay attention to the hedge fund regulation debate, except through my reading of Information Arbitrage, Roger Ehrenberg's blog.  Roger comes out pretty strongly against any addition regulation of hedge funds, so he'll be pleased to read this new Cato Institute report by Houman Shadab titled The Challenge of Hedge Fund Regulation.  The report concludes: "In the face of a rapidly changing industry not suffering from market failure, introducing beneficial regulation is a challenge nearly impossible to meet."