US regulators and hedge fund executives bit back at critics
and media reports claiming that commodity pool operators (CPOs)
are wreaking havoc on markets and are an unregulated financial
disaster in the making.
A Commodity Futures Trading Commission (CFTC) round table
discussion on 6 April featured more than two dozen hedge fund
industry professionals as well as both US regulators, CFTC and
Securities and Exchange Commission (SEC).
The regulators explained how and why hedge funds have added
value to the marketplace at a time when many reports have
blamed them for huge price spikes in crude oil markets. Two
studies presented at the roundtable showed that managed funds
actually dampen price volatility, not contribute to it.
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