Will hedge funds put the DC lobbying game on steroids?

Every since Chuck Schumer told the hedge funds to quit being such recluses and start lobbying Washington, I’ve been wondering how this might change the nature of K Street.

Most business lobbying involves businesses lobbying to protect their business model — from competition, from regulation, from innovation — and win handouts. But when hedge funds play on K Street, they are trying to aid not their business model, but their investments.