Hedge Funds

The post-Goldstein era begins


Many funds will stay registered, as an angry SEC picks up the pieces

Registration with the U.S. Securities and Exchange Commission may no longer be required for hedge funds, but don't expect hordes of them to go out and deregister. Initial indications are that many hedge funds currently registered will stay in the system.

"To go from registered to unregistered would be viewed as a stigma," says one manager who was none too happy about registering in the first place. But now that it's done, he says, it doesn't make sense to change. "It's like