Audio- Investors sometimes do stupid things

April 12, 2007

chanos.jpgA San Diego pension fund may have lost $175 million when hedge fund Amaranth Advisors LLC blew up last year, but that does not mean hedge funds should face increase regulation, said Jim Chanos, chairman of the Coalition of Private Investment Cos. and a hedge fund manager himself. Investors routinely make bad investments, but “you can’t regulate or legislate people from doing stupid things with their money,” Chanos said.

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