The U.S. SEC is on track to adopt new rules that will mandate that private equity and hedge funds disclose quarterly performance, fees and expenses
The U.S. Securities and Exchange Commission voted Wednesday to adopt new rules mandating that private equity and hedge funds disclose quarterly performance, fees and expenses at a Wednesday meeting.
“The private fund industry plays an important role in each sector of the capital markets,” he told a gathering of the Managed Fund Association, an industry group representing the private-funds industry. The disclosure requirements will apply to registered private fund advisers, but not exempt advisers, typically those with less than $150 million in assets under management.
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