Connecticut lawmakers proposed three bills on Thursday, Feb. 19 that would impose strict limits on hedge funds domiciled in the state. The bills include requirements for funds to get a state license, undergo independent financial audits and disclose fees and changes in management or strategy. The bills would also bar hedge funds from accepting investments from individual investors with less than $2.5 million in assets or institutions with less than $5 million in assets.
Full Story: Connecticut Considers Stricter Hedge Fund Regulation, FINalternatives (Feb. 23, 2009)
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