Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

1,504 hedge fund advisers have registered with SEC since passage of Dodd-Frank

Monday, October 22, 2012

From Precy Dumlao, Opalesque Asia – The U.S. Securities and Exchange Commission (SEC) reported on Friday that the number of advisers to hedge funds and other private funds that have registered with the agency since the Dodd-Frank Act required mandatory registration in 2010, has reached 1,504.

This brings the total number of advisers to one or more private funds who are now registered with the SEC to 4,061, including the 2,557 advisers who had previously registered.

SEC Chairman Mary L. Schapiro said in a statement, "Prior to the Dodd-Frank Act, regulators only saw a slice of the pie but didn’t know how big the pie even was. The law enables regulators to better protect investors by providing a more comprehensive view of who’s out there and what they’re doing."

A total of 11,002 investment advisers now are SEC-registered, with 37% advising hedge funds and other private funds, according to the SEC statement. AuM at SEC-registered advisers has risen about $5.7tln, or 13%, even though the number of advisers fell about 15% as the Dodd-Frank Act required mid-sized advisers to move from federal to state oversight. Following this latter requirement, to date, more than 2,300 mid-sized advisers – those managing less than $100m of assets – have made the transition to state regulation.

The SEC issued a notice identifying 293 advisers who may no longer be eligible for registration with the SEC because ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance