Tuesday, July 6, 2004

Donaldson Backs Plan for SEC to Register Hedge Funds

We are getting closer and closer to registration of hedge fund managers, if not the funds themselves. While the media is reporting that "hedge funds" will register, it appears that the SEC will, for the moment, limit registration to hedge fund managers.

While that will be a boon for securities law practitioners like myself, the impact on the hedge fund industry remains to be seen, as managers who are required to register will be required to comply with the SEC rules and regulations for RIAs - something they are not required to do today. For more information about registering as an investment advisor, email me at astarita@seclaw.com

Interesting times ahead for the hedge fund industry.
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