Hedge Funds

MFA's Breaux says SEC unlikely to alter regulation plans


The recent appointment of Christopher Cox as the next chairman of the Securities and Exchange Commission, is unlikely to change the timetable for mandatory registration of hedge fund groups slated to start in early 2006.

That's according to former U.S. Sen. John Breaux, a director of the Managed Funds Association, who told managers at a conference in Chicago this week that the SEC's plans to regulate hedge funds is expected to go ahead without any major revisions to the course outlined by outgoing SEC Chair William Donaldson.

Those rules include, mandatory registration of funds with more than $25 million, 15