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Quantitative Finance · Glossary

What is Exempt reporting adviser?

Definition 4.3 The Industry: Firms, Roles and Careers · Chapter 4 — Quantitative Hedge Funds and Systematic Managers

An exempt reporting adviser is an investment adviser exempt from SEC registration – for example because it advises only private funds and manages less than $150 million of private-fund assets in the United States – that must still file a short report on Form ADV.

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