Hutson, ElaineElaineHutsonDonabedian, MichelleMichelleDonabedian2010-05-212010-05-21Irish Bank2003Irish Banking Review0021-1060http://hdl.handle.net/10197/2009Unlike mutual and pension funds, which are heavily regulated in most juristrictions, hedge funds are largely unregulated. Because they are not required to report to regulators and to the public, data on hedge fund performance are highly biased, overestimating returns and underestimating risk. Recent debate regarding regulation has centred on market integrity and systematic risk issues. This articles presents the case for a change in focus towards consumer protection as the most important regulatory issue and recommends that performance reporting should be made mandatory.4304 bytesapplication/pdfenHedge funds--Law and legislationHedge funds--EvaluationConsumer protectionJournal ArticleSummer 20034258https://creativecommons.org/licenses/by-nc-sa/1.0/