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SEC Brings Hedge Funds Out of the Regulatory Shadows
Hedge funds are about to come out of the regulatory shadows.
The Senate and House versions of the bill require all hedge-fund advisers over a certain size to register with the Securities and Exchange Commission. That would give the agency a greater window into the trading positions and investment strategies of hedge funds, typically secretive firms that cater to wealthy individuals and big investors.
"There will definitely be an increased level of reporting," said Steve Nadel, a hedge-fund lawyer in New York, adding that the registration requirement "has the most immediate impact" of any hedge-fund-related provision in the bill.
(Please see: "Hedge Funds Need to Register With SEC," by Jenny Strasburg, The Wall Street Journal, 20 May 2010)