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Article: Commodity trading bill irks money pros; Fund managers of all stripes worry that anti-speculation fervor will harm investors.(News)
- Article from:
- Investment News
- Article date:
- July 28, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sara Hansard
Concern is mounting among financial advisers, mutual funds and hedge funds about legislation being considered in Congress that would restrict commodities trading.
The legislation "could limit our ability to get the best risk-adjusted returns for our clients,'' said Jason Lilly, a certified financial planner, certified financial analyst and portfolio manager in the Osterville, Mass., office of Rockland Trust Co. of Hanover, Mass. Rockland Trust manages $1.3 billion in assets and has about $20 million in commodities exposure.
Mr. Lilly's investment management group invests in an exchange traded note based on the Dow Jones-AIG ...