Hedge fund side-pockets have been "outed"

Finally. The mainstream media finally figured it out. How so many hedge fund players invest in private placements, private deals, illiquid warrants, etc and are not subject to daily valuation concerns should make every consultant worth his pay check shudder. The cat is out of the bag. Transparency is slowly coming to the trillion dollar universe............and the Wall Street Journal is again full of miscreant hedge fund nonsense today. Pick up a copy and scare yourself.