Conn. Considers State Hedge Fund Regulation

Connecticut lawmakers have resurrected a bill that would impose new reporting requirements on hedge funds based in the state.

The Connecticut legislature’s banking committee held a hearing on the bill, which easily passed the Senate last year but did not receive a hearing in the House of Representatives, yesterday. Last year’s version of the bill would have forced hedge funds in the Nutmeg State to disclose any conflicts of interest between investors and fund managers.