Does hedge fund registration matter? At presstime, opponents
were crossing their fingers that the D.C. Circuit Court of
Appeals would at any moment strike down the controversial U.S.
Securities and Exchange Commission rule requiring most hedge
funds to register.
The court heard arguments back in December and, according to
hedge fund attorneys, seemed receptive to the plaintiff's line
of reasoning. A ruling against the SEC on its mutual fund
governance rule by the same court only a few weeks earlier also