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Courting pension funds? Beware the 25 percent rule
The "wall of money" from pension funds may force hedge fund managers to register as investment advisers much faster than any proposed rules from the SEC will.
July 18, 2004

Michael G. Tannenbaum is a founding partner of New York City­based law firm Tannenbaum Helpern Syracuse & Hirschtritt, where he heads the financial services and hedge fund group. He is president of the Hedge Fund Association.

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