INVESTMENT

July 22, 2017

Hedge funds must go on the offensive

The near-daily flogging of hedge funds in the media and in Washington can dampen even the most optimistic manager’s spirits, but, for the sake of their products’ survival, managers now must make a bold, uncomfortable move. Recently, the industry took another blow. Bloomberg reported the Securities and Exchange Commission is reviewing how hedge funds handle shares bought during initial public offerings — another burden on a much-scrutinized industry.