Tuesday, 21 October 2014
Last updated 3 min ago
Oct 26 2011 | 11:43am ET
The Securities and Exchange Commission is poised to throw the alternative investments industry a bone this afternoon, raising the threshold for the most comprehensive disclosures to the regulator by hedge funds by half-a-billion dollars.
Under the proposal, to be finalized and voted upon by the commission today, hedge fund managers with at least $1.5 billion in assets would be subjected to the most onerous reporting rules, including quarterly reports covering assets, leverage, positions, valuation and trading.
Private equity funds will get an even bigger break: Only firms with at least $2 billion will be subject to the most stringent disclosures, and even they will only have to report annually, rather than quarterly.
Liquidity funds will still be stuck with the $1 billion threshold.
"The SEC anticipates that most private fund advisers will be regarded as smaller private fund advisers, but that the relatively limited number of large advisers providing more detailed information will represent a substantial portion on industry assets under management," the SEC said. "As a result, these thresholds will allow [the Financial Stability Oversight Council] to monitor a significant portion of private fund assets while reducing the reporting burden for private fund advisers."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...