Regulators move to bolster oversight of hedge funds

| 27/01/2011

(New York Times): Financial regulators are planning to collect confidential information from hedge fund managers and other investment advisers, as the government moves to shed more light on the private investment world. The plans, drafted by the Securities and Exchange Commission and the Commodity Futures Trading Commission, or CFTC, would require some investment advisers to periodically turn over private data, including details about their trading and the amount of assets they manage. Although the proposed disclosures are not comprehensive, regulators hope the new information will help them determine whether hedge funds or other investment firms pose a systemic danger to the economy. The Dodd-Frank Act, the financial regulatory overhaul enacted in July, mandated such reporting.

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