Hedge fund firms that registered as investment advisors to meet the February 2006 deadline are in no hurry to shed that status, despite the fact that the Goldstein vs. SEC ruling invalidated such a requirement this summer.
Only 5% of the 127 alternative investment providers responding to an October survey by Ernst & Young said they planned to deregister.
An overwhelming majority of the respondents that were registered - 86% - cited various reasons for remaining so. About one-fifth of the respondents were hedge funds. Roughly half manage more than $1 billion.
The most popular reason for remaining