66 billion $ fund managers still not registered

| 31/03/2011

(WSJ): Nearly a third of hedge funds managing $1 billion or more have yet to register with the Securities and Exchange Commission despite a summer deadline, according to an SEC database. Out of the 220 hedge fund managers that made it to AR Magazine’s list of billion-dollar shops, 66 weren’t registered, accounting for about $350 billion of the $1.3 trillion in assets under management by those large hedge funds. The firms that have yet to be registered include well-established names: Billionaire George Soros’ $27.9 billion Soros Fund Management; Brian Higgins and Francis Biondi’s $20 billion King Street Capital Management; Steve Cohen’s.

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