Monday, October 02, 2006

Hedge Fund Group Adds Lobbyist as Regulation Issue Looms

Federal filings made public last week show that the Managed Funds Association has hired a big-time Washington lobbying firm, Williams & Jensen, to help it with “legislation involving the registration of hedge funds.”

Some lawmakers are seeking tighter regulations on hedge funds in the wake of the recent meltdowns at Amaranth and Pirate Capital. The lobbyist was hired before either of those events, filings show, but Congress could be moving closer to enacting laws requiring registration of hedge-fund managers. An appeals court earlier this year struck down a Securities and Exchange Commission rule requiring registration.

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