Coming, ready or not...

Have you filled out form ADV yet? For those hedge funds on- and offshore with more than $25m or 14 onshore US investors, it is the question of the moment.

The SEC's Day of Reckoning is upon hedge funds and their managers. Or should that be, upon the SEC itself? When Hedge Funds Review contacted the SEC at the start of January, approaching the 1 February deadline for managers of applicable funds to register with it, the SEC was expecting quite a deluge.

Admittedly, the SEC has said itself that

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