Reply #22: Hedge fund oversight discussed - Quayle spokesman denies he lobbied [View All]

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Former U.S. Vice President Dan Quayle met this month with Securities and Exchange Commission Chairman William Donaldson to discuss hedge fund regulation.

Craig Whitney, executive vice president of Quayle & Associates, denied the former vice president was lobbying on behalf of the $800-billion industry's campaign against greater government oversight. Quayle is an adviser to Cerberus Capital Management LP, which opposes the SEC's plan to increase its scrutiny of the private partnerships for wealthy investors.

Whitney said Quayle wasn't trying to persuade Donaldson to weaken his support for hedge fund regulation. "All of the lobbying we do on behalf of Cerberus is handled by me," Whitney said. SEC spokesman Matt Well said the meeting in Washington took place June 10, declining further comment.

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New York-based Cerberus, which manages about $9 billion, employs Quayle & Associates and the Washington law firm Patton Boggs as lobbyists. Quayle, 57, served with former President George Bush. Along with running his own Scottsdale, Ariz., consulting firm, Quayle provides strategic advice to Cerberus and has the title of chairman of Cerberus Global Investments, said Whitney.

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