Hedge Funds

Pick-up in funds withdrawing SEC registrations

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Scores of hedge fund advisors have withdrawn from registration with the U.S. Securities and Exchange Commission since late June, when an appeals court overturned an SEC rule requiring registration.

According to statistics gathered by the SEC as of December 7, some 275 hedge fund advisors have withdrawn their registration since June 23 - up from just over 100 funds that had withdrawn as of mid-September.

But the vast majority of hedge fund advisors remain registered. About 2,335 investment advisors now registered with the SEC indicate that they run hedge funds. And of the hedge fund advisors who have registered with the