MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 17, 2015 An SEC Commish Takes Alt Fundsters to Task At least one of the five SEC commissioners sounds very unhappy about the rise of alternative mutual funds. "Today, alternative mutual funds promising the upside of hedge fund investments with the liquidity of traditional mutual funds are all the rage," Commissioner Kara Stein said Monday in a speech, "Mutual Funds - The Next 75 Years," delivered at the Brookings Institution in Washington, D.C. She put her remarks in the context of recently-proposed SEC disclosure and liquidity regulations for funds. InvestmentNews, MarketWatch, and ThinkAdvisor all picked up on Stein's remarks. Stein also shared concerns about bank loan funds (and other mutual funds with illiquid underlying assets), derivatives in mutual funds, and more. And earlier this year Stein dissented from a green light that her colleagues gave to a new ETF structure, calling for "a more rigorous review process" for "opaque, risky products masquerading as financial innovation." Printed from: MFWire.com/story.asp?s=52032 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |