Increased demand for due diligence on hedge funds -- if not for the funds themselves -- may be the initial impact of the SEC's recent ruling lifting an 80-year-old ban on advertising for private offerings.
I think wealth managers will be getting a lot more requests for information about hedge funds, says Greg Curtis, chairman of Greycourt & Co., a Pittsburgh-based family office with $10 billion in assets under management. It wont be a problem for us, because were already doing a lot of vetting for our clients. But for people who never thought about it, theres going to be more interest, and more need for evaluation.
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