SEC Crosses The Pond To Analyze UK Hedge Funds

Exercising new powers instituted after the financial crisis, the Securities and Exchange Commission is having meetings with dozens of London hedge funds this week to determine if they are in line with American regulations. The new regulations, particularly the Dodd-Frank Act of 2010, encouraged the SEC to root out corruption at hedge funds and other private asset managers. Outside of the U.S., Britain has the largest concentration of hedge funds at 59 with at least $500 million in assets.