DealBook
By ALEXANDRA STEVENSON
In striking its $1.2 billion settlement with SAC Capital Advisors, the government set a record for insider trading penalties. For the hedge fund industry, the hidden costs of the deal are even bigger.
Tougher regulatory scrutiny since the financial crisis and changes in the law have forced hedge funds to spend millions of dollars a year on new compliance measures to make sure that they are not ensnared in the same net as SAC. This has added to the cost of doing business, which can cut into returns.
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Tagged 2013, 6 November, After SAC Plea, DealBook, Earth, Fellow Funds May Pay, news, spiritual, Spiritual evolution, World