Senate Hedge Fund Bill
Senate Introduces Bill Requiring Hedge Funds to Registerthis article).
The bill would impose new record-keeping and disclosure requirements for private advisers to help regulators patrol for potential risks that private funds may pose to the marketplace.
Investment advisers of hedge funds with $100 million or more in assets would be subject to federal regulation under the bill. That threshold would increase the number of advisers subject to state supervision by 28%, according to a bill summary.
The House Financial Services Committee approved similar provisions last month.
The hedge-fund-registration requirement in Mr. Dodd's bill includes some exemptions for advisers of venture-capital funds and those that advise private-equity funds. The commission is called upon to define who specifically is exempted within six months after enactment. Source
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