Table: Why the SEC's Hedge-Fund Campaign Faces Tough Going

-- Both federal and state efforts to regulate funds have been thwarted by the industry's powerful lobby

-- The SEC lacks the authority to investigate hedge-fund investments and managers

-- Investor complaints, the agency's main source of leads, have been few and far between

-- With limited resources, the SEC is struggling to handle its current caseload

    Before it's here, it's on the Bloomberg Terminal.