More than a third of 4,000 US hedge funds now registered with SEC only did so after Dodd-Frank requirement
More than 4,000 US hedge funds are now registered with the Securities and Exchange Commission, the agency said Friday. But more than a third of them — 1,504 — only did so after the Dodd-Frank required that they do so earlier this year.
Among the biggest holdouts were SAC Capital Advisors, Elliott Management, Tudor Investment, Cerberus Capital Management, Citadel and Moore Capital Management. All these firms did not register until Uncle Sam forced them to do so.
However, a number of brand-name hedge funds that catered to institutional investors, like Bridgewater Associates, D.E. Shaw, Och-Ziff Capital Management and Paulson & Co., had long been registered with the SEC.