Saturday, 1 November 2014
Last updated 15 hours ago
Dec 8 2006 | 2:55pm ET
The Securities and Exchange Commission will consider a pair of hedge fund proposals at what is shaping up to be a marathon public meeting on December 13.
The commission was originally scheduled to discuss the proposals—an increase in the minimum assets required to invest in hedge funds, currently $1 million, and a new, tighter anti-fraud rule—at its meeting on Monday, but dropped the items from the agenda, saying more time was needed to clarify language in the proposals.
It’s shaping up to be a busy meeting, which Chairman Christopher Cox says will be “one of the longest commission open meetings in quite a while.” The SEC is also set to consider a controversial exemption of banks from broker requirements, deregistration of foreign companies, streamlining financial reports, internet proxy voting, and the much-debated mutual fund independent directors requirement.
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…
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