Hedge Funds Account For More Than Half Of New Advisors Registered With SEC

Aug 4 2006 | 12:00am ET

Some may have grumbled loudly,but hedge funds registered with the Securities and Exchange Commission in droves before an appeals court tossed out the rule requiring them to.

According to a survey by the Investment Adviser Association and National Regulatory Services, hedge fund registrants pushed the number of advisers registered with the regulatory agency up 19.5% this year, compared to about 7% in prior years. Of the 1,600 newly-registered advisers, at least half managed one or more hedge funds.

The survey reports that, as of April 7, more than 2,400 hedge fund advisers had registered with the SEC. How many stay registered, should the latest decision by the courts not be reversed, remains to be seen.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of