Sunday, 30 August 2015
Last updated 1 day ago
Jul 9 2014 | 6:23am ET
The Securities and Exchange Commission is set to turn its wary eye on so-called alternative mutual funds.
The regulator plans to begin a set of examinations of such funds, known as a sweep, later this summer or in the fall, the head of its investment management division, Norm Champ, said last week. The SEC will focus on leverage, liquidity, compliance, valuation, governance and disclosure, he added.
The sweep will initially include between 15 and 20 fund families, Champ said.
Investors have poured billions into alternative funds in recent years, as investors shut out of traditional hedge and private-equity funds flock to mutual funds promising similar strategies.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…