Financial Services Industry
Industry: Email Alert RSS FeedHedge funds may gain new fans; Registration makes them more palatable to financial advisers.(News)
Investment News, November, 2004
Byline: Jeff Benjamin DETROIT - Last week's decision by the Securities and Exchange Commission to require the majority of hedge fund managers to register as investment advisers could have the unintended consequence of creating a seal of approval for the $870 billion hedge fund industry.
For financial advisers who had previously shied away from hedge funds because of a general lack of transparency and regulatory oversight, the idea of SEC registration changes everything. "To me, hedge funds have always been an unclear area, but by having more information available, I would take the time to learn more about them,'' said Amy Jensen Wolff, an adviser who runs AJW Financial Inc. in Minneapolis. "I would feel more comfortable with hedge funds knowing...
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