Watch where you put your money


The hedge fund business has long defined itself as a place that doesn't need much government intervention because it has limited itself to such capable, well-heeled investors.

Certainly the SEC doesn't agree, as its forward charge with hedge fund adviser registration shows. And so, as we find on page 16, some managers like Chilton Investment are preemptively registering, and many others are scrambling behind the scenes to get ready. And there is plenty of evidence around to suggest that investors and hedge fund managers alike need to be especially vigilant in deciding how much