Mutual Funds Need a Referee

HEDGE FUND IT

Eliot Spitzer seems to have done it again. The dust has hardly settled on the sell side after the New York State Attorney General’s much-publicized crusade against the investment banks and their research shenanigans, and now he seems intent on cleaning up the buy side. Saloman, Credit Suisse First Boston, Deutsche Bank, Lehman Brothers and others are no doubt still smarting from the public admonishment and the fines handed down, but at least they can find solace in the fact that they weren’t

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