Hedge Fund Association backs JOBS Act

HFM week – The Hedge Fund Association (HFA), an international organisation that represents hedge funds, service providers and investors, has endorsed US President Barack Obama’s signing of the Jumpstart Our Business Startups (JOBS) Act last week, saying that emerging managers in particular will be set to benefit.

The legislation, signed by Obama Thursday 5 April, will allow hedge funds to advertise to investors through mainstream channels.

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