2009-02-03 — marketwatch.com
A key lawmaker on Monday introduced legislation requiring that hedge fund managers register with the Securities and Exchange Commission and open up their books periodically to government examiners. Rep. Mike Castle, D-Del., said his legislation would give the SEC more information about the impact hedge funds have on markets... A large number of fund managers voluntarily register with the SEC because many pension fund investors will not invest with hedge funds otherwise.
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