Sunday, 28 December 2014
Last updated 3 days 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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.