Grassley Calls For Improved Hedge Fund Disclosure

Law360, New York (October 17, 2006, 12:00 AM EDT) -- The chairman of the U.S. Senate Finance Committee sent a letter Monday to the secretaries of the Department of Labor and Department of the Treasury and the chairman of the Securities and Exchange Commission, calling for greater transparency in the hedge fund industry.

Sen. Chuck Grassley (R-Iowa) said Congress recently enacted pension reforms to increase transparency so pension holders know how their money is invested. “Now we’re learning hedge funds pose huge risks to pension holders. It’s disturbing that we can’t even come close to understanding...
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