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.

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