US Hedge funds remain in legislative cross hairs

Date: Tuesday, July 10, 2007
Author: InvestmentNews.com

A second bill has been introduced that would require hedge fund advisers to register with securities regulators. HR 2586, introduced last month by Rep. Michael Capuano, D-Mass., would amend the Investment Advisers Act of 1940 to allow the SEC to require hedge funds to register with the agency. A bill introduced in May, S 1402, essentially would do the same thing. Also, another bill introduced last month, HR 2683, would require pension plans to disclose their investments in hedge funds. For a look at any of these bills, visit http://thomas.loc.gov