Belleville News-Democrat – CHICAGO – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes to new rules requiring them to give up some of their privacy.
Since Feb. 1 hedge fund advisers with more than 14 clients and $30 million in assets must register with the Securities and Exchange Commission.
With the deadline looming, the number of funds registering with the nation’s top securities watchdog has barely exceeded the low end of initial estimates when the agency proposed.
