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Hedge Fund Lobbyists Spend More to Avoid What May Be Inevitable: Greater Oversight
By Matt Squire
printHedge fund lobbyists increased their spending by over 700 percent between 2006 and 2008 in an effort to stave off stricter oversight, according to data provided by a non-partisan research group. Representatives of the $2.5 trillion industry increased their total spending on lobbying from $870,000 in 2006 to $6.7 million the following year, according to Washington, D.C.-based Center for Responsive Politics. Hedge fund groups upped their spending by an additional $900,000 in 2008, according to the center, which collects data on money spent on U.S. lobbying efforts. The largest industry advocate, the Managed Funds Association (MFA), spent $2.5 million in...
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