California state officials are planning to hold at least one
hearing after receiving substantial comments all
negative on a controversial proposal to require all
hedge funds with offices in the state to register either
locally or with the Securities and Exchange
The proposed regulatory change drew about 100 pages of
commentary and questions through 14 separate responses as of
the closing date of the public comment period, which ended on
September 26. The state is also expected to announce that it
will take additional comments at least through the date of the
one hearing, which is likely to be held in January.
The letters included a joint response from the Managed Funds
Association and the Coalition of Private Investment Companies,
the lobby group headed by Kynikos Associates founder Jim
Chanos, as well as...