The Managed Funds Association is planning to create the largest database on hedge funds and use the information to lobby Washington. The database will amass each hedge fund’s assets, number of investors, location and various strategies—but encrypt the information so each fund’s information is anonymous.

“As the primary source of industry information for policymakers, the media and the public, it’s important that we collect and aggregate data in a confidential and timely manner from as many managers as possible,” said Richard Baker, president and chief executive officer of the MFA.

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