Hedge Funds Can Now Advertise – But Will They?

For more than a year, Wall Street watchers have been hyping the JOBS (Jumpstart Our Business Startups) Act as a significant piece of legislation. Hedge fund advertising has many positives Many experts said that it could lead to new firms in the financial sector. Others anticipated a transformation within the hedge fund industry. Some believed that it would foster the creation of new jobs. Ron Geffner, a partner at New York-based law firm Sadis & Goldberg, feels that it may be too soon to make any predictions. “It’s premature to determine the usefulness of the legislation,” said Geffner, whose law firm represents more than 600 hedge…