Sooner or later, hedge funds will be regulated, despite a U.S. court decision blocking the Securities and Exchange Commission from overseeing them, according to Bloomberg columnist Chet Currier. The $1.2 trillion hedge fund business has not escaped from regulators, but only postponed regulation, he said. And if Congress decides to handle it, they will be sorry they hadn't let the SEC do its job.

Increased scrutiny of hedge funds has begun even without the SEC regulation. Morningstar has started tracking investment results and fees at 3,000 of the estimated 8,000 hedge funds. Hedge funds are facing increased pressures from their growing pension plan and institutional investor customer base that

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