Hedge funds could gain from Obama plan
Date: January 25, 2010
Hedge funds and private equity could be surprise winners from U.S. President Obama’s clampdown on risk-taking by banks, as competition in trading is cut and star managers take their skills elsewhere.
The proposals would stop banks owning or sponsoring a hedge fund or private equity fund, as well as so-called “prop trading”, where banks trade on their own account, forcing them to spin-off such operations into stand-alone boutiques.
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Source: Reuters
