SEC actions on hedge funds too late too little
Kirsten Henson
Sep. 21, 2006

The hedge funds that pushed oil to eighties and made copper price go up by 500% are now in a total blood bath . SEC scrutiny of the same is too late and too little. SEC actions on hedgefunds may not make any bdifference at this stage.

US court federal court earlier this year overturned an SEC rule forcing hedge fund advisers to register with the agency. That was wrong and the hedge funds stayed virtually unregulated gambling with public money instead of hedging investments.

Amaranth Advisors, a hedge-fund manager that lost over $6bn in the past month on natural gas bets made the SEC first concerned. But silently low scale "Amarnath" type losses are happening more that bfifty every day. The unknown caswualties do not even know they lost their savings.

Hedge funds have sold their investment portfolio to middleclass in America and unsphisticated investors learnt to trust Hedge Fund managers who can multiply their money in short term.

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