Unreal Estate: Hedges Can Put Hedge Funders Behind Bars

If you thought the Hamptons couldn't get stuffier, you thought wrong. It looks like vacationing masters of the universe can now face time behind bars for a much more benign offense than manipulating markets: not trimming their hedges. BusinessInsider.com reports that under a new law, if Village of Southhampton residents fail to prune their hedges once a year, they could receive a fine of up to $1,000 and/or jail time of 15 days. So in conclusion: If hedge fund managers want to hedge their bets, they better trim their hedges. Say that five times fast.