Major hedge fund manager Paulson backs stricter leverage limits
WASHINGTON (Reuters) - Major hedge fund managers told a U.S. House Oversight and Government Reform Committee hearing on Thursday:
* Paulson says sees need for more stringent leverage requirements on banks, financial institutions, hedge funds.
* Soros says some hedge funds pose systemic risk and risk justifies greater federal regulation of U.S. hedge funds
* Paulson says every hedge fund that had financial problems in recent years used too much leverage.
* Falcone says hedge fund industry "not nearly as leveraged" as some banking institutions.
* Citadel's Griffin says hedge funds are already indirectly regulated through regulation of banking system.
* Griffin says "we have not seen hedge funds as focal point of carnage in this recent financial tsunami."
* Griffin says "not averse" to disclosing his fund's positions to U.S. regulators as long as information remained confidential.
* Soros says requiring hedge funds to disclose their positions to public could "be very harmful."
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