Thursday, 28 August 2014
Last updated 33 min ago
Sep 14 2006 | 12:00am ET
The man who more or less single-handedly (with an assist from the federal courts) killed the Securities and Exchange Commission’s hedge fund registration requirement has seemingly developed a taste for blood. Phillip Goldstein of Bulldog Investors, who filed the registration suit against the SEC, is taking aim at the regulator’s portfolio disclosure requirement.
Funds and firms managing more than $100 million in equities are currently required to disclose their holdings in 13F filings with the SEC. Having recently reached that plateau himself, Goldstein has decided he doesn’t like that rule, either.
According to Goldstein, the rule forces funds to give up their trade secrets, and “investors are relying on your trade secrets to earn money.” He said he would seek an exemption from the requirement as a pretext for a lawsuit, since the SEC is unlikely to take the bait and make his fund an exception.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...