Not a Catastrophe for Hedge Funds
Traders Magazine, July 2004
The hedge fund business will continue to be a growing part of the trading industry. That's even though hedge fund advisers are now subject to a new layer of fund regulation. "Clearly, it is going to make hedge funds more expensive, but I don't think that is going to hurt the business," says Mark Borrelli, a Chicago-based securities industry attorney who is a former Securities and Exchange Commission official. Borrelli's former employer recently decided to require advisers to register under the Investment Advisor Act.
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