Hedge Funds and JOBS Act: New Jobs in Advertising?

On September 23, 2013, the long-awaited JOBS Act rules will finally go into effect. From that point forward, hedge fund managers will finally be able to advertise in the United States. Mitch Ackles, the President of the Hedge Fund Association and the CEO of Hedge Fund PR, has been a big supporter of this transition since the day the JOBS Act was signed into law. He and others within the industry have been eagerly awaiting the rules (and their start date) from the Securities and Exchange Commission, particularly those relating to advertising. “There’s essentially going to be two hedge fund industries,” Ackles told StreetID this week. “If you…