Hedge Funds Lobbying
Hedge Fund Trade Group Spent $1.1 Mil Lobbying in Q4
A trade group representing hedge funds spent nearly $1.1 million in the fourth quarter lobbying federal officials on proposed financial regulations, including a measure that would require hedge funds to register with the Securities and Exchange Commission.
The $1.08 million that the Managed Funds Association spent on lobbying in the latest quarter was about double the $520,000 it spent in the period a year earlier. The group's lobbying total for the latest quarter also tops the $910,000 it spent the previous quarter.
According to a Jan. 20 filing with the House clerk's office, the Managed Funds Association also lobbied in last year's fourth quarter on a proposal to create a Consumer Financial Protection Agency and on proposals for tighter regulation of trading financial derivatives, including credit default swaps.
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