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The House Subcommittee on Capital Markets will schedule at least one hearing to understand how hedge funds affect financial markets and whether they should be regulated, Rep. Michael Oxley (R-OH), and Rep. Richard Baker (R-LA), announced yesterday.

The news comes on the heels of the Securities and Exchange Commission’s announcement yesterday it will hold a roundtable on hedge funds May 14 and 15 ( see MFMN 3/27/03).

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