US regulatory requirements shine spotlight on data management

Regulators step up data demands


A complex regulatory filing for advisers to private funds required by both the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) has wide-ranging implications for hedge funds.

On October 31, the SEC and CFTC jointly adopted Rule 204(b)-1 under the Investment Advisers Act of 1940. It requires investment advisers to private funds to file periodically Form PF, designed to help regulators evaluate and monitor the systemic risks posed by hedge funds and other

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