Don't look for the SEC to seek more disclosure of how much individual fund managers are paid Paul Roye, director of the SEC's investment management division told the Wall Street Journal in an interview.

Roye took the interview as an opportunity to explain why the SEC is seeking to increase the amount of disclosure that fund firms must make about their individual investments. Under rules proposed this week, funds would be required to disclose their complete holdings each quarter with a 60-day lag.

In the interview, Roye also said he believes the rules as proposed would not permit outside investors from front-running funds.

"It's important to remember that any investment manager with more than $100 million in assets has to report their [firm-wide] holdings quarterly with a 45-day lag," explained Roye. "That's available to anyone interested in that data and has been in place since 1979. Until the issue of more frequent fund [holdings] disclosure was raised, we didn't hear that front-running was an issue."

Wall Street Journal subscribers can read the entire interview at this link.  

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