Hedge funds have proliferated dramatically in the past several years. Once viewed as an investment available exclusively to the wealthy, recent studies estimate that there are now more than 8,000 funds in the United States with at least $1.5 trillion in assets under management. This impressive growth has made hedge funds as controversial among regulatory agencies as they are popular among investors. The Securities and Exchange Commission (SEC) – having tried and failed in 2006 to require registration of virtually all of the managers of hedge funds – is now primed to regulate hedge funds through an enforcement initiative that agency officials plainly voice as a top priority in 2008.
Source: Hedge Fund AlertLeave Drinker Biddle to Learn More