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Hedge Fund Managers Fail To Register With SEC

Law360 (January 27, 2006, 12:00 AM EST) -- With only a fraction of hedge funds registering with the U.S. Securities and Exchange Commission, the agency’s hard-fought efforts to regulate the trillion-dollar industry is off to a shaky start.

Numbers disclosed by the SEC earlier this week indicated that just 465 hedge fund advisors have registered since the beginning of January 2005, with another 348 applications yet to be processed, a figure shy of the thousands once predicted.

“I think it is less than the SEC staff expected,” said Jeffrey Tabak, a partner at Weil,...
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