Hedge Fund Excitement Over JOBS Act Cools Down

Last year, Congress passed the JOBS Act, a new bill that was designed to foster the growth of startups. Hedge funds were particularly excited about the bill because it was expected to allow the Securities and Exchange Commission to form new rules for the industry.

However, in the months since the bill was passed, little has come from the JOBS Act. Hedge funds are still waiting to hear from the SEC, and investors are still jumping through hoops.

“That’s something that’s very frustrating for us as a firm because we are someone...