According to various reports published this week, the US Securities and Exchange Commission is preparing to vote on the subject of whether hedge funds should be made to register with the financial regulator.
The issue is expected to be brought to the fore at an SEC meeting on July 14 when it has been suggested regulators will consider a proposal requiring all but the smallest hedge funds to register and subsequently undergo periodic examinations.
It has been estimated that global hedge fund assets under administration have grown to around $1 trillion, and with approximately 5,700 of these loosely regulated funds thought to be based in the US, the chairman of the SEC William O. Donaldson has reportedly stated that the industry is "in many ways ... an accident waiting to happen."
However, further reports have suggested that 40% of hedge funds have already registered with the SEC voluntarily.
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