If performance-chasing has been a problem in mutual-fund investing, Andrew Altfest warns, just wait until hedge funds start flashing ads. Mr. Altfest, executive vice president at Altfest Personal Wealth Management in New York, is one of many financial advisers worried that a recent regulatory change allowing hedge funds to advertise will sway clients and other investors. That’s likely to make advisers’ jobs harder. More in the Wall Street Journal here.
