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Greene Quoted in The Wall Street Journal on Proposed Hedge Fund Disclosure Regulations
3 Feb 2011
Nathan J. Greene

Shearman & Sterling partner Nathan Greene (New York-Asset Management) was quoted in a Feb. 3 article in The Wall Street Journal (wsj.com) on new proposed rules for hedge funds that would require them to share more data on their trading positions to the US government. According to the article, the proposed rules aim to address concerns that lightly regulated hedge funds exert unseen influence in markets. Said Greene, who represents hedge funds, "WikiLeaks has more or less proven that anything you give to the government you have to assume could one day be public." He added, "It is impossible, after seeing State Department cables, to say to yourself, 'I'm going to package my most sensitive business information and give it to the US government,' and do it without a pit in your stomach."