Warming up to registration by Stewart Eisenhart

Of course, it's been clear for months that the days of soft-touch regulation of hedge fund managers weren't going to last; the question became not if the industry would face greater regulatory supervision, but by how much. That question remains open, but industry groups clearly see registration under the Investment Advisors Act a much less onerous prospect than other potential requirements. Did the industry suddenly see the light in terms of the propriety registration would bestow, or just