Under the Microscope: Private Funds’ Operating Practices, Performance and Fees

U.S. private funds currently manage over $18 trillion in gross assets. Given their size, the operations, trading activity and management of these funds can have a significant impact on all capital markets. However, only since the Dodd-Frank Act of 2010 has the SEC paid much attention to regulating these private funds. But times are a changing and private funds are back under the regulatory microscope.

In fact, in the latest example of this renewed attention, last week the SEC announced a proposal requiring that private funds provide additional disclosures to investors and guard against conflicts.

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