Hedge Funds

Greenwich Roundtable hosts forum on SEC proposal


One of the principal architects of the Securities and Exchange Commission's proposal to require hedge fund managers to register as investment advisers presented her case for hedge fund registration before the Greenwich Roundtable last week.

Cynthia Fornelli, who also last week resigned to take a job with Bank of America as a securities regulation and conflicts management executive, spoke on a panel gathered to give sophisticated investors a chance to hear what policy shapers in Washington had to say about the issue and their own concerns.

She told attendees, an influential group of high-net-worth investors who allocate to