The History of Hedge Fund Regulation in the United States
Handbook on Hedge Funds, Oxford University Press (2016)
30 Pages Posted: 15 Jan 2016 Last revised: 10 Jun 2016
Date Written: January 13, 2016
The hedge fund industry in the United States evolved from a niche market participant in the early 1950s to a major industry operating in international financial markets. Hedge funds in the United States were originally privately-held, privately-managed investment funds, unregistered and exempt from federal securities regulation. With increasing investor demand and significant growth of the hedge fund industry came a tectonic shift in the regulatory framework applicable to the industry. The book chapter summarizes the regulatory evolution of the hedge fund industry.
Keywords: History of Regulation, Hedge Fund, Regulatory Framework, Registration, Exemptions, Dodd-Frank Act, Securities Regulation
JEL Classification: K2, K20, K22, K23
Suggested Citation: Suggested Citation