Hedge Fund Rules Will Protect Investors, Moody’s Says

DealBook – A reckoning for hedge funds could provide some long-awaited protections to investors, according to a new report by Moody’s.

The Securities and Exchange Commission adopted a plan last week to require large hedge funds, private equity shops and the like to register with regulators for the first time. Until now, the private fund industry enjoyed a light touch from Washington, as regulators only policed firms that ran 15 or more funds.

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