Page Perry

The Securities and Exchange Commission voted to approve a rule requiring certain private (hedge) fund advisers to register with and provide certain information to the SEC by March 30, finally subjecting them to some regulatory scrutiny. The vote was 3 to 2 with Republican commissioners Kathleen Casey and Troy Paredes voting “no.” The hedge funds will be required to disclose data regarding their investors, employees, managed assets, potential conflicts of interest, and their activities outside of fund advising, which will be made public.