After three years of much debate and little compromise, the SEC has finally voted in favor of putting the regulatory reins on the rapidly growing hedge fund industry.
But the real fight may just be starting. Nowhere is this more apparent than within the halls of the Washington-based Managed Funds Association. The industry's premiere advocacy and Capitol Hill lobbying group is internally evaluating every avenue open to them to cull the SEC's initiative before mandatory registration would take effect in February 2006. Still, it has said it will work closely with the SEC and act as a resource