Because of regulations that prevent them from speaking with the press, hedge funds are hamstrung when it comes to defending themselves against misleading or negative articles, and they are tired of being portrayed as market manipulators or scam artists who live lavish lifestyles, Reuters reports.

Further, they would like to be able to point out the benefits that hedge funds have on the financial markets, hedge fund managers who gathered at a Securities Industry Association conference in New York said.

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