There has been a lot of chatter surrounding the JOBS (Jumpstart Our Business Startups) Act and its inevitable impact on the job market. But what impact, if any, will it have on the hedge fund industry?
"For more than 60 years, hedge funds have never been allowed to advertise," said Mitch Ackles, President of the Hedge Fund Association and CEO of Hedge Fund PR. "They haven't been allowed to do the same things that mutual funds are currently allowed to do. Many managers are advised by their legal counsel and compliance people never to talk to people like you, never to talk to a reporter. Some don't even speak at events because they're scared that what they say might be construed as a solicitation to an unqualified person."
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