CBS – A trade group representing hedge funds spent more than $1 million in the third quarter lobbying federal officials on financial regulations, including a new rule that will expand disclosure requirements for the funds.
The $1.02 million that the Managed Funds Association spent was 15 percent more than the $890,000 it spent a year earlier but slightly less than the $1.03 million it spent in this year’s second quarter, according to the group’s quarterly filings with the House clerk’s office.
