Hedge funds find investors on their side in SEC registration debate

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 adequa

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