Former officials tell hedge funds: Be ready for the regulators

Reuters – U. S. securities regulators are watching hedge funds more closely than ever, and former Securities and Exchange Commission officials and industry experts are urging managers to be ready when federal examiners come knocking.

For roughly a year now, once-secretive hedge funds have been forced to open up about how much money they manage, the kind of clients they have and how they plan to make money.

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