Hedge fund group spent $1 million lobbying in 2Q

``According to a July 20 filing with the House clerk's office, the Managed Funds Association lobbied lawmakers on implementation of the financial overhaul, the Dodd-Frank Wall Street Reform and Consumer Protection Act. The association also lobbied on proposals to provide a registration exemption for private equity fund advisers, and another measure that would limit financial disclosure requirements to private companies with 1,000 or more shareholders, rather than the current 500.''