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Partner Marilyn Selby Okoshi Quoted in National Law Journal on Hedge Funds

Firm News | December 5, 2008
Marilyn Selby Okoshi, a partner in the Financial Services Practice, was quoted in an article in the National Law Journal about the role that hedge funds have played in the financial crisis and the regulations that will likely be enacted under the Obama administration. Ms. Okoshi says increased regulation could thwart promising new funds. “One of the beauties of the industry is starting a fund with a great idea, three key people and maybe 15 in the back office. A lot of the people who are really big now started that way,” Ms. Okoshi says. “Hedge funds are not mutual funds, they do many kinds of trading, but the SEC has been inflexible about the rules. That’s why some fund managers don’t register. It is not that they are philosophically opposed to registration and regulation, it’s because they will not be able to do the business their clients hired them to do.” (“Hedge fund legal advice: help to shape regulation so managers can do the business their clients hire them to do,” December 5, 2008)
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