Hedge funds find investors on their side in SEC registration debate
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The Securities and Exchange Commission (SEC) has suggested that all hedge fund managers should be registered as investment advisers. Not surprisingly, the Managed Funds Association (MFA)1, a Washington lobby group that represents hedge funds, insists US regulatory oversight of hedge funds is sufficient. “We believe registration should remain a matter of choice,” says John Gaine, president of the Managed Fund Association. “This option, coupled with the existing regulatory framework, is adequate
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