Fri, Aug 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Senior SEC official supports hedge fund ads

Tuesday, May 21, 2013

From Precy Dumlao, Opalesque Asia – All roads are leading to the lifting of the hedge fund advertising rule, as another senior official from the Securities and Exchange Commission (SEC) said she favors allowing hedge funds to publicly advertise.

But SEC Commissioner Elisse Walter said the rule allowing hedge funds to advertise their products should also include a provision that protects investors. She said the decades-old ban should be lifted but added the SEC must take a look at some recommendations given by an investor advisory committee, reported Marketwatch.com.

"We have a proposal out there, and it’s a very shockingly stark proposal how streamlined it was and how few questions it asked," Walter was quoted as saying by the report.

Walter is the second senior SEC official who added their voice favoring the lifting of the hedge fund rule as one of the provisions under the JOBS Act, the legislation approved by Congress in April 2012 seeking to ease access to capital for small and mid-sized companies.

Last month, SEC chairman Mary Jo White said he would push to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors.

According to BusinessW......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by