Hedge Funds

MFA and other groups plead with SEC for more time


A consortium of industry groups including the Managed Funds Association, the Chamber of Commerce of the United States, and the London-based trade group Alternative Investment Management Association submitted a letter to the Securities and Exchange Commission asking the agency to extend the 60-day period for comments responding to its rule to require hedge fund advisers to register.

The SEC began accepting comments and posting them to its website after publishing the proposal last month. Sixty days is the typical length of time the Commission allows for comments to any new proposals or rules, though the agency did extend