Hedge funds alert to hammer falls

According to FT.com's Pauline Skypala, there is concern in hedge fund quarters that much of the rhetoric puts that industry squarely in the frame for blame, and for reform. In his speech to the US Congress last week, UK prime minister Gordon Brown was perceived to be dissing hedge funds as much as investment banks when he said: “How much safer would everybody’s savings be if the whole world finally came together to outlaw shadow banking systems and offshore tax havens.” Read the rest of her article, here.