The Securities and Exchange Commission's (SEC) vote in the US last year to force most of the world's hedge funds to register in 2006 has kept fund lawyers busy advising the $1 trn industry.
An growing number of offshore fund managers are finding they also will be caught in the rules.
The vote to push through SEC registration was passed by three commissioners' votes to two. The compulsion applies to all hedge funds with 15 or more US onshore investors, or at least $25m net assets.
The week on Risk.net, July 14–20, 2017Receive this by email