The document discusses the evolving regulatory environment for hedge funds, particularly focusing on the impact of the Dodd-Frank Act on OTC derivatives markets. It highlights potential adverse effects on hedge funds due to legal, tax, and regulatory changes, including increased compliance costs and restrictions on trading strategies. The document also outlines the requirements for OTC derivatives to be executed on regulated markets and the implications for hedge funds and their investment strategies.
documents/EFTA01386193.pdf
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