Top Hedge Funds Holding Off On SEC Registration

Mar 30 2011 | 1:15pm ET

Some of the world's biggest hedge funds appear to have no intention of being under the Securities and Exchange Commission's thumb for one day longer than they have to.

Nearly one-third of the 220 hedge funds that made AR magazine's billion-dollar club this year—managing about a quarter of those firms' total assets—have yet to register with the U.S. regulator. Hedge funds with $150 million or more in assets or at least 15 clients in the U.S. are required to register by this summer.

Among the 66 still sitting on their hands are King Street Capital Management, SAC Capital Advisors, Soros Fund Management and Viking Global Investors, Dow Jones Newswires reports.

But if those firms—which have until June 6 to submit their applications—expect the SEC to change its mind in the next two months, they've got another think coming.

"Some private funds are in a state of denial, hoping for some form of delay in the rules," National Regulatory Services' John Gebauer said. "But the likelihood of the legislation being taken back is nil."

"Private funds will be ill-advised to expect this rule will not happen."


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.