Pensions&Investments – All hedge funds that manage more than $100 million will be required to register with the SEC and disclose financial data to determine whether fund activities pose a risk to the nation’s financial system, under major financial regulatory reform legislation unveiled today by Senate Banking Committee Chairman Christopher Dodd, D-Conn.
According to a bill summary, regulation of money managers with less than $100 million in assets under management would shift to individual state regulation from SEC purview. Under existing law, money managers with more than $25 million in assets under management are required to register with the SEC.
