Hedge fund managers in the United States, Europe and Asia are bracing for a year of increased regulation. If London's approach is any indication of how they will proceed, that might not be such a bad thing. As 2005 draws to a close, hedge funds are hotter than ever — and so are the regulatory seats upon which they sit. The United Kingdom's Financial Services Authority (FSA) and Hong Kong's Monetary Authority are just two of several regional regulators set to unveil new rules for hedge funds in 2006, while the U.S. Securities and Exchange Commission (SEC) will finally require hedge fund managers with 15 or more individual customers and $25 million under management to register as investment advisers as of February.
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