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JOBS-Act Rule Proposal Could Have Big Impact on Managers

While the final JOBS Act provisions are still being hammered out, one proposed rule could take managers by surprise.

After months of hype, it’s official: Hedge funds and other private entities can finally begin advertising on Monday, September 23. It is unlikely that hedge funds will immediately start to resemble mutual funds in the 1980s, when firms like Vanguard, Fidelity and Dreyfus spent huge sums on TV and print advertising.

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