Hello, Hedge Funds

(3 of 3)

Hedge-fund manager James Chanos of Kynikos Associates started a Washington-based trade group this year and so far has 18 fund managers onboard. He has testified before Congress and has been trying to explain that the issues the legislators are raising also apply to other financial players, like the trading desks of big banks, which are essentially internal hedge funds. The message is that taking hedge funds as shorthand for all high-risk investments is failing to see the larger picture. "The business is just too big and too high profile for Washington to ignore anymore," he says. "You have to get a seat at the table"--the grownups' table.

Quotes of the Day »

Get & Share
ROBB LEVIN, resident of Fairfax, Virginia, on the $15,000 lawsuit settlement made against Tareq and Michaele Salahi, the White House gate crashers, who are also involved in at least 15 other civil suits
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
ROBB LEVIN, resident of Fairfax, Virginia, on the $15,000 lawsuit settlement made against Tareq and Michaele Salahi, the White House gate crashers, who are also involved in at least 15 other civil suits

Stay Connected with TIME.com