Hedge funds argue against tougher rules at CFTC roundtable

Investors should be free to pick risky strategies, managers say

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Hedge funds should not be subjected to enhanced capital, leverage and liquidity rules, fund managers warned US regulators at a Commodity Futures Trading Commission roundtable on risk management practices yesterday, arguing that increased regulatory requirements would stifle innovation and liquidity.

"[Regulators] shouldn't be telling hedge funds what contracts they can negotiate or how much leverage they can have," said Manish Mital, general counsel at Halcyon Asset Management in New York, addin

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