It was reported that nearly a third of billion dollar plus hedge funds have not yet filed with the SEC. The last possible date to register with the SEC for hedge funds with assets under management of 150 million or more is July 21, 2011.
This does not give these firms much time. For Firms with assets over 1 billion, they must file an ADV Form PF on a quarterly basis. The information required to be filed is very detailed. However the SEC under rule 204b-1 says that the information requested will not be made public.
"Form PF would elicit non-public information about private funds and their trading strategies the public disclosure of which, in many cases, could adversely affect the funds and their investors. The SEC does not intend to make public Form PF information identifiable to any particular adviser or private fund, although the SEC may use Form PF information in an enforcement action."
"Form PF would elicit non-public information about private funds and their trading strategies the public disclosure of which, in many cases, could adversely affect the funds and their investors. The SEC does not intend to make public Form PF information identifiable to any particular adviser or private fund, although the SEC may use Form PF information in an enforcement action."
However, it the hedge funds do not want to divulge proprietary information if they can avoid it.
Attached is a URL to the PF Form that needs to be filed either quarterly or annually.
http://www.sec.gov/rules/proposed/2011/ia-3145.pdf
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