Registration redux

Regardless of the structure of any final legislation that becomes law, managers not yet registered with the US regulator should be revisiting compliance processes first set up for the thrown-out 2006 registration effort, and prepare their technology and operational infrastructures for the likelihood of a more rigorous regulatory environment before year's end.

For many hedge fund managers who have been in business since 2006, the issue of SEC registration should seem a largely familiar one. The pr