Registration Required: Hedge Fund Rules Tighten

    by CFA Institute

    While increased scrutiny surrounding mutual fund practices battles on, the fight has now crossed over to hedge funds.

    Starting February 1, 2006, advisors to the emerging hedge fund industry will be required to register with the Securities and Exchange Commission under the Investment Advisors Act of 1940.

    To fulfill the requirement, the advisors must complete a revised Form ADV, which will then be available on-line through EDGAR, the SEC’s on-line database of company filings. Investors can now go to EDGAR to search for hedge funds that have already voluntarily filed with the regulator (www.edgaronline.com).

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