MSN MoneyCentral – Some hedge fund managers believe their compliance costs will increase this year even though they took steps last year to register their businesses with the chief US financial regulator, according to a new survey.
Greenwich Associates, the consulting firm, found 49 per cent of hedge fund managers thought their costs would rise in 2006, partly because of concerns that the Securities and Exchange Commission’s registration rule would be followed by further supervisory measures.
The survey also coincided with renewed criticism of the SEC rule by Paul Atkins, one of the regulator’s five commissioners, who claimed it would hurt investors.
