Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Barron's Notices ICI Words in Hedge Fund Ad Spat Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 04, 2012

Barron's Notices ICI Words in Hedge Fund Ad Spat

News summary by MFWire's editors

The ICI's mounting dissatisfaction with Congress over legislation that strips away hedge fund regulations and lifts the ban on these funds advertising is still gaining traction in the press. Beverly Goodman reports on the spat in Barron's over the weekend.

Dow Jones first reported on the fight on Thursday.

The law in question is the JOBS act from April, which was designed to allow small businesses to raise money. With most hedge funds taking the form of small companies, this seems to strip away some of the oversights that previously governed the hedge fund industry.

The Securities and Exchange Commission, mutual fund industry representative the Investment Company Institute, Fund Democracy, the Consumer Federation of America, the AFL-CIO and other groups have registered complaints over the law.

The ICI sees the law as threatening to mutual funds, because if they have fewer regulations and are able to advertise, the competition could be tilted in favor of hedge funds.

"We live under a regime the SEC imposed with very specific dos and don'ts," ICI president Paul Schott Stevens said to Barron's. "Hedge funds don't have any uniformity in reporting, and calculating performance is much more challenging given some of their illiquid or complicated strategies. But hedge funds are very desirous of being able to advertise performance free of any restrictions."

The new law takes effect in July. 

Edited by: Ben Geier


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use