“It’s going to be a big deal for the hedge funds,” Rob Kelner, a Washington, D.C.-based attorney, said Monday….
While Kelner expects the House to take more time on the bill and for more changes to be made, he said if the Senate version is passed, he expects hedge funds and other managers would break off all ties with Congress and hire consultants to act as liaisons. “It could become a full-employment act for lobbying firms that do political intelligence,” he said.
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