This article appears courtesy of Global Investor.
Hedge funds may be entering a new era of regulation, but hedge fund managers in the US are finding that checking the box for registration is just the start of what promises to be a long and expensive expansion of their internal compliance functions. Nearly all the US hedge funds participating in a year-end study by Greenwich Associates said that their compliance costs increased dramatically last year. This was due to one-time expenses associated with registering with the Securities and Exchange Commission or other growing expenditures for compliance staffing, fees and technology.
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