Sunday, 26 February 2017
Last updated 1 day ago
Jan 13 2009 | 4:00am ET
Washington isn’t the only town full of politicians eager to put hedge fund bigwigs on the hot seat. Britain’s House of Commons is set to question four of London’s top hedge fund managers about the industry’s role in the financial crisis.
Marshall Wace Asset Management co-founder Paul Marshall and BlackRock’s Doug Shaw will appear before the Commons Treasury Committee on Jan. 27. They will likely be joined by two others; the committee has invited Christopher Hohn of The Children’s Investment Fund Management, Crispin Odey of Odey Asset Management and representatives of Thames River Capital and Henderson Global Investors.
The committee, headed by hedge fund critic John McFall, is expected to grill the honchos on the use of leverage and the future of the hedge fund industry.
In November, five of the U.S.’s highest-paid hedge fund managers visited Capitol Hill, testifying about hedge funds’ role in the financial crisis and warning against overzealous regulation. George Soros, Harbinger Capital Partners’ Philip Falcone, Paulson & Co.’s John Paulson, Renaissance Technologies’ James Simons and Citadel Investment Group’s Kenneth Griffin were also asked about their ample paychecks.