"Connecticut Regulators React to Calls for Hedge Fund Regulation"
Despite Mr. Blumenthal's warnings and the formation of the task force, Connecticut has no regulations or new laws which impose additional regulation on hedge funds. The best advice for funds in Connecticut is to insure they maintain their private offering documents, adhere to the representations and disclosures made in their offering memoranda, avoid even the hint of prohibited insider trading, and allow clients to redeem based on the terms of the offering memoranda.
"Federal Court Vacates SEC Hedge Fund Rule"
By Karen Wackerman Myers
The Court of Appeals for the District of Columbia vacated the SEC Hedge Fund Rule. The unanimous decision leaves the future of federal regulation of hedge funds in some doubt.