Hedge Funds

Hedge fund industry favors Cox SEC appointment


The appointment of Rep. Christopher Cox (R-Calif.) as the next chairman of the Securities and Exchange Commission has drawn some enthusiasm from within the ranks of the hedge fund community, which is awaiting the enactment of mandatory registration early next year, and they are hopeful that Cox's tenure will bring less new regulation.

Voices within the industry, such as the Washington D.C.-based Managed Funds Association, have professed praise for the outgoing SEC chairman William Donaldson, who is expected to leave office at the end of the month.

At the same time, other members of the MFA privately say Donaldson,