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January 16, 2019  

Shutdown Felt by Fund Managers, Lawyers

With the SEC in shutdown mode, hedge fund lawyers are struggling to advise their clients on a range of issues, from interpreting new rules to the timing of fund launches.David Tittsworth, a member of the investment-management practice at Ropes & Gray, said client queries about basic regulatory matters such as how and when to register as investment advisors have become more difficult to answer. The problem: The government shutdown, now in its 26th...

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