As a result of the Dodd-Frank legislation, hedge fund, private equity fund and other fund managers are having to register as Investment Advisors with the SEC. This is a significant development as trillions of assets are now coming under the aegis (and scrutiny) of the SEC. We will have more commentary on this later, but…
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The Financial Times has an interesting article on a PhD program at UCL that essentially is a mashup of advanced math, programming, big data, and finance. Most crazy fact: there is hedge fund that trades exclusively off of social data.
The WSJ reports the SEC is using data analysis of fund returns to pick out outliers for investigation. Four fraud claims have been brought so far. Initial reviews are of hedge funds, private equity funds, and mutual funds.