Hedge fund industry braces for showdown; Registration could mean manager turnover.(News)

Investment News, January, 2006

Byline: Jeff Benjamin DETROIT - With the deadline requiring hedge fund managers to register as investment advisers with the Securities and Exchange Commission by Wednesday, much of the $1 trillion hedge fund industry is bracing for a showdown. In addition to the matter of managers dodging the Wednesday deadline by adopting a reason or legal loophole, the registration issue is threatening to divide the ranks of this otherwise tightly knit subculture of the financial services industry.

"We're certainly going to take it into consideration of whether or not a manager is registered,'' said Virginia Parker, president of Parker Global Strategies LLC. "We don't like the idea of managers extending their lockup periods to get around registration,''...

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