Hedge Funds Go To Washington

Hedge fund managers will take center stage at a U.S. Senate Banking panel on March 28, when prominent members of the alternative investment community will testify on the industry and its impact on the financial markets as a whole.

The Senate Banking Subcommittee on Securities and Investment, which is headed up by Chuck Hagel (R-Nebraska), has invited John Gaine, president of the Managed Funds Association and Jim Chanos, founder Kynikos Associates and head of the newly-formed lobbying group Coalition of Private Investment Companies, to speak. Emil Henry, assistant U.S. Treasury Secretary for financial institutions, will also join the panel.

The purpose of the hearings is to improve communications between the alternative investment community and law makers.