May
10
U.S. Urges Openness From Hedge Funds, an Industry Not Used to Sharing
ByCreditAlex Wong/Getty Images
LAS VEGAS — When John P. Carlin, the head of the Justice Department’s national security division, appealed on Friday to the hedge fund industry to share more information with the government, it was a tough sell.
“I encourage you to come in and talk to the F.B.I. and prosecutors,” Mr. Carlin told an audience of financial advisers and hedge fund managers at the SkyBridge Alternatives Conference. But, he quickly assured the audience, “You will not leave the office with handcuffs.”…
U.S. Urges Openness From Hedge Funds, an Industry Not Used to Sharing