Hedge funds: If you can’t beat ’em …

TheDeal.com – Since increased regulation for hedge funds and private equity managers is essentially inevitable, several organizations, including the Managed Fund Association and the Alternative Investment Management Association, have stopped trying to stymie legislation, but they have instead saddled up alongside regulators in hopes that they can steer them in the right direction.

In a new Intralinks podcast series, Kelli Moll, a partner at law firm Schulte Roth & Zabel LLP, said she expects Congress to enact the recently passed Private Fund Investment Act by the end of the year, with compliance required six to 12 months later.

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