•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Regulation: Opalesque Exclusive: Phil Goldstein's "activist approach" to organizing representation for the hedge fund industry From Kirsten Bischoff, New York: Recently, Phil Goldstein, principal of Bulldog Investors in Saddle Brook, N.J. floated an idea to create an organization that would represent the hedge fund industry.

Today Opalesque had a chance to catch up with the activist investor, and speak to him a little more about the organization. Although Goldstein told us that at the moment – the group is just that – an idea, he has tentatively named it – The Rational Regulatory Policy Institute.

By initiating the dialogue for the creation of such representation for the industry he hopes to gain feedback from other hedge fund managers, and would support any efforts to get such an organization off the ground. “I want to see if there is interest in it, because I feel that the existing organizations are basically lobbying organizations and I think you need [a group] more along the lines of the Chamber of Commerce who can sue if you cannot get what you want through logic and persuasion.”

One of the issues that such a group would be able to address is one that seems to be near and dear to Goldstein’s heart – the hedge fund industry specific rules applying to marketing. It is an issue that has taken him to court before, and which he is curr......................

To view our full article Click here