Costs are creating a greater burden on smaller firms
Statement addresses investor protection and regulatory consistency
Move allows single- and multi-manager divisions to operate as distinct boutiques
SEC alleges analyst tipped details of Microsoft Yahoo negotiations
No charges were laid against the hedge fund owner, Steven Cohen
SEC alleged Rajat Gupta disclosed confidential information to hedge fund manager
Change takes effect in about 60 days
Activist hedge funds have shaken up boards of directors, spurring asset sales and forcing leadership changes at a number of companies
Whittier Trust and Victior Dosti agree to pay US$1.7 million to settle the charges
Use of hedge funds is evolving