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SEC Registration Captures More Hedge Fund Advisers
As mentioned in: Bloomberg NewsMarch 29, 2012
Under provisions of the Dodd-Frank Act, the U.S. Securities and Exchange Commission will oversee hundreds more private advisers at hedge funds and private equity funds than it first predicted, Bloomberg News reported. In fact, the agency expects to receive about 1,300 registration applications, according to SEC spokeswoman Judith Burns.
The registration process hasn't been very difficult for hedge funds, said Jay Gould, a Pillsbury investment funds partner at Pillsbury. "It's not a big deal,” he said. "For big managers and funds, this has gone quite well."
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