Hedge funds take the bait

It seems the hedge fund industry is hedging its bets (Oh, c'mon, I couldn't resist) and beginning to warm up to the idea of reporting...

It seems the hedge fund industry is hedging its bets (Oh, c'mon, I couldn't resist) and beginning to warm up to the idea of reporting to the SEC, which could help it avoid further government intervention. From Forbes:
The Managed Funds Association joins key policymakers, regulators and the global hedge fund body, the Alternative Investment Management Association, in supporting the measure.

"The registration regime we are supporting today... will subject the vast majority of investment advisers, including the largest and those considered most systemically relevant, to the SEC's registration requirements," MFA President Richard Baker told a congressional hearing.

PRWeek had previously reported on how some hedge funds are starting to rethink their communications function (or lack thereof) due to the threat of regulation. Surely with all the new reporting and audiences the firms will now be intermingling with, it seems financial focused PR firms could reap the benefits.

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