Rep. Richard H. Baker is expected to introduce legislation todaythat would require large hedge funds to disclose certain financial data quarterly.

Rep. Baker, R-La., chairman of the House Banking Committee's capital markets subcommittee, said his bill is a response to the near-collapse last year of the Long-Term Capital Management hedge fund. The aim, he said, is to enhance market discipline and allow investors to make "more informed judgments about the creditworthiness of hedge funds."

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