Hedgies rush to do homework as Dodd-Frank looms

Asian hedge fund managers are busily sending out questionnaires to investors to determine if they fall under the category ‘US persons’ – a new classification under the Dodd-Frank Act that will be required to comply with within the next two months. It comes after the US Commodity Futures Trading Commission (CFTC) added the provision to Dodd-Frank legislation in mid-July, stating that a non-US hedge fund will be considered a US person if the majority of its investor base is made up …