Comply or Else


At face value, the new hedge fund requirements seem hardly onerous, especially if you’re part of the SEC formulating the rules and not a hedge fund manager attempting to comply with them. In a nutshell, all US funds with at least 15 investors and/or $25 million in assets under management are, under the Investment Advisers Act of 1940, required to register with the US watchdog. Most funds are treating these requirements as occupational burdens that come with the territory, although I’m

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