WASHINGTON - Hedge fund representatives at the recent Securities and Exchange Commission roundtable on hedge funds adamantly denied the need for increased oversight of their industry. Others at the meeting lobbied for regulators to ease current restrictions on mutual funds so that they could act more like hedge funds.

The SEC's two-day roundtable on the future of the hedge fund industry centered around investor suitability, protection in hedge funds and the implications of exposing the retail sector to this type of investment product. While retail investors are currently shut out of directly investing in hedge funds, panelists questioned why lower-end investors shouldn't have access to the same tools to employ as part of their portfolio.

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