What will it mean to have big brother watching you?

Tue Jun 1, 2004



Fears about the costs and effects of SEC registration may be exaggerated

A recent survey conducted by the Investment Counsel Association of America and the National Regulatory Services indicated that 601 hedge fund advisors are now registered with the Securities and Exchange Commission, a 15% increase from last year. This doesn't mean that hedge funds are anticipating regulation. Most aren't. And most are only registering because they have to, meaning they no longer meet exemption rules.

However, the increase in registration does prove that the process is pretty painless and all the signs are that it is going to get easier and cheaper with a number of firms offering registration and compliance packages.

Among the funds that have recently registered is Chilton Investment Company, which dispelled the industry myth that it was managing in excess of $5 billion in assets. According to the firm's filing it manages only $2.7 billion. Richard...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now