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The truth about hedge funds

Author

Listed:
  • William P. Osterberg
  • James B. Thomson

Abstract

Do hedge funds help or hurt the financial markets in which they operate? The highly publicized troubles of Long Term Capital Management have once again focused the attention of policymakers and the press on the hedge fund industry and the cry for its regulation. This Economic Commentary refutes some of the commonly held myths about hedge funds and examines the rationale for regulating them.

Suggested Citation

  • William P. Osterberg & James B. Thomson, 1999. "The truth about hedge funds," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
  • Handle: RePEc:fip:fedcec:y:1999:i:may1
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    Keywords

    Hedge funds ; Investments;

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