Fifty-five percent of the hedge funds in the U.S. are registered with the Securities and Exchange Commission, according to Hedge Fund Research.

As such, the information might dissuade legislators from passing the Hedge Fund Transparency Act that Sens. Charles Grassley (R-Iowa) and Carl Levin (D-Mich.) introduced last week, which would require all hedge funds to register with the SEC.

HFR also indicated that hedge funds lost $154 billion in assets in 2008, whereas they took in $194 billion in 2007.

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