Thursday, March 29, 2012. Hedge fund managers are increasingly nervous about getting a knock on the door from U. securities regulators now that a new rule requires them to register as investment advisers and provide lots of data about their inner workings as a result. Hundreds of large managers, which already employ sizable legal teams, took the mechanics of meeting the March 30 deadline in stride, industry consultants say. What worries big hedge f.

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