Subject: File No. S7-30-04
From: Paul W. Dent

From: Paul Dent (NC/EUS) []
Sent: Monday, October 25, 2004 4:17 PM
To: ''
Subject: hedge fund scrutiny

Dear Sir,

As a retail investor and a Republican sympathizer, I support your decision that the SEC should put hedge funds under greater public scrutiny. Moreover, since hedge funds engage more than non-hedge funds in off-shore transactions, derivative transactions and short sales, which have a significant effect on retail investors' investment values, I hope that the future disclosure requirements for hedge fund's holdings and transactions will include public disclosure of derivative transactions and short sales in particular, compared to currently only revealing their long positions, which may even be the minor portion of their activity.


Paul W. Dent