Friday, June 23, 2006

Of Politics, Regulation and Hedge Funds

The NYTimes has a piece titled S.E.C. Is Reported to Be Examining a Big Hedge Fund which addresses an alleged investigation by the SEC into the trades of Pequot Capital Management,a $7 billion fund overseen by Arthur J. Samberg. However, the article is really about a fired SEC attorney who claims that the Commission terminated his employment during the course of his investigation of Pequot. One of his allegations is that he was fired because he wanted to subpoena John Mack, the chief executive of Morgan Stanley.
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