SEC’s Schapiro Sees More Public Disclosure for Hedge Funds - Bloomberg.com

This has been a major issue since I began teaching. Will be interesting to see if it happens whether hedge funds flee the country as some have threatened in the past.

SEC’s Schapiro Sees More Public Disclosure for Hedge Funds - Bloomberg.com:

"The U.S. Securities and Exchange Commission will urge more public disclosure from hedge funds if Congress follows through with plans to make the investment pools register with the agency, Chairman Mary Schapiro said.

The SEC will likely require “some level of public reporting,” as it currently does for mutual funds, Schapiro said today during a conference at Georgetown University in Washington. The agency is “very aware of the tension” involved in requiring more disclosure because hedge funds don’t want competitors to “front-run” their strategies, she said."