Now-Defunct Hedge Fund Rule Still Had Impact: Study

Law360, New York (August 22, 2006, 12:00 AM EDT) -- An appeals court may have dashed the U.S. Security and Exchange Commission’s hedge fund rule, but the regulation still had an impact on the $1 trillion industry, according to a recent study.

The study, done by consulting firm Greenwich Associates, found that while 20% of registered hedge funds surveyed plan to deregister, a larger percentage plan to implement new compliance processes designed to meet registration requirements.

The U.S. Court of Appeals for the District of Columbia Circuit vacated the hedge fund rule in June, calling the...
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