Hedge Funds

SEC comment period draws mixed response

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The Securities and Exchange Commission has begun posting on its website the comments it has received responding to its proposal to require hedge fund managers to register with the Commission, and responses have so far been mixed.

Vantis Capital's Steve Holzman is the heaviest hitter so far to come out in support of the proposal. Vantis, a $1.2 billion hedge fund based in New York, is already registered with the Commission. Holzman, a managing partner of Vantis, said he believes registration will increase the atmosphere of compliance in the industry, create more uniform reporting and reduce risks. Holzman said he