The deadline for hedge funds to register with the Securities and Exchange Commission is today, and while some investment advisors plan to skirt the rule through loopholes, others think it might be just the sort of public relations ploy they've needed.

According to a report from The Financial Times, some hedge funds in the U.K. and Hong Kong, which are popular overseas jurisdictions for hedge fund managers, are seeking credibility through the rule. Others overseas think it's a bit like taking their medicine, and then there's a camp that feels that the Financial Services Authority, the U.K.'s top regulator, already has a handle on things and the SEC is just meddling.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.