May 7, 2009
GAO Testifies on Hedge Funds
The GAO released testimony it presented before the Senate Subcommittee on Capital Markets on Hedge Funds: Overview of Regulatory Oversight, Counterparty Risks, and Investment Challenges GAO-09-677T, May 07, 2009. This testimony discusses:
(1) federal regulators’ oversight of hedge fund-related activities; (2) potential benefits, risks, and challenges pension plans face in investing in hedge funds; (3) the measures investors, creditors, and counterparties have taken to impose market discipline on hedge funds; and (4) the potential for systemic risk from hedge fund related activities. To do this work we relied upon our issued reports and updated data where possible.
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