Private Fund Registration Number Beats SEC Expectations

Law360, New York (March 29, 2012, 5:26 PM EDT) -- The U.S. Securities and Exchange Commission has taken in applications for registration from about 1,300 hedge and private equity funds since Jan. 1, hundreds more than originally expected, an SEC spokeswoman said Thursday.

A provision of the Dodd-Frank Act, the landmark financial reform signed into law in 2010, requires most private funds with more than $150 million in assets under management to register with the agency as investment advisers. The SEC passed a final rule in June that set a March 30 registration deadline for fund...
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