Title IV of the Dodd-Frank Act eliminated this private adviser exemption and extended the registration requirements under the Investment Advisers Act to the advisers of these funds.

FORBES: SEC Finally(!) Issues "Hedge Fund Rules" Required Under Dodd-Frank; Postpones Mandatory Registration Until Mach 2012

The private investment adviser at Howland Capital in Boston was running to raise money for charity and to do something special in the year he turned 40.

NPR: The Finish Line: What The Bombing Was Like

In private, a skeptical military adviser pointed out to commanders that the numbers didn't make sense.

NPR: Statistics the Weapon of Choice in Surge Debate