Recent developments in hedge funds : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, first session, on the recent developments in hedge funds (an investment company that uses high-risk techniques, such as borrowing money and selling short, in an effort to make extraordinary capital gains), focusing on investor protection implications, the differences between hedge funds and investment companies, regulation under federal securities laws, and conflicts of interest, April 10, 2003.