The long awaited new rule has finally become a reality for United States hedge funds sector. It is reported that many leading players in the once loosely regulated US $1 trillion industry would face scrutiny from US financial regulators. Reuters reports:
But Feb. 1, the day the new rule becomes effective, will likely not go down in history as the date when everything changed, according to managers, investors, consultants and lawyers. Instead the shifts will likely be felt more gradually in the weeks ahead by investors as many fund managers have already completed their adjustments in the last months.
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