Some industry players are taking the latest moves by
Californias Department of Corporations as a sign that the
state may be backing away from its controversial plan to
require registration of all hedge funds with offices in the
state. The agency extended the public comment period,
originally due to close in November, to the end of this month
and has decided not to hold a public hearing on the matter.
The office of Preston DuFauchard, the departments sole
commissioner, says no hearing will be called because none was
requested, and the extension of the public comment period is
intended to gather more information. One source of that
information will be the findings of...