What SEC registration means for Asian hedge funds
David Goldstein, New York-based partner at White & Case says the SEC''s new regulations may discourage boutique Asian hedge fund managers from marketing to the US.
Will Asian hedge fund managers with US investors have to register with the SEC?
Goldstein: The new SEC rules will require an offshore hedge fund manager to register with the SEC if it has 15 US clients or more. The new rules will be effective from February 2006. In the past, most hedge funds have escaped SEC registration because of the exemption for funds with less than 15 US clients. What the new rules have changed is the definition of a 'client.' Before, each private fund investe…
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