Hedge fund managers may soon be allowed to promote their businesses in the US, after a second Securities and Exchange Commission representative spoke in favour of relaxing rules that have prevented them from talking publicly about the industry.

Roel Campos, a commissioner at the US market regulator, said in a speech to hedge fund managers: "I am very interested in exploring the option of providing limited relief from the prohibition against general solicitations for hedge funds whose advisers are registered with the SEC.