•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Benedicte Gravrand, Opalesque Geneva:

Many hedge funds are now preparing for the registration requirements that come with the Dodd-Frank Wall Street Reform and Consumer Protection Act, ahead of the March 30th registration deadline with the SEC. Some say that many are lagging behind in the preparation for filing Form PF, a disclosure requirement also from Dodd-Frank, that must be fulfilled this summer or next year. Most are also bracing for the Foreign Account Tax Compliance Act (FATCA), even if full implementation won’t be until 2015.

This wave of regulations can’t be fun if you’re a hedge fund. Even if the Volcker Rule, part of Dodd-Frank and aimed at curbing investment banks’ proprietary trading, will give more market space for hedge funds to play with.

Todd Groome, Chairman of the Alternatives Investment Management Association (AIMA), told Opalesque a few months ago: "We are an entrepreneurial industry and that is a benefit for our industry and for markets. Policy makers focused on financial stability should not regulate everyone like a bank. If everybody is incentivised by regulation......................

To view our full article Click here