SEC Launches ‘Sweep’ Of Alternative Mutual Funds

Aug 13 2014 | 11:16am ET – FINalternatives.com The Securities and Exchange Commission is casting a skeptical eye on one of the fastest-growing trends in alternative investments: hedge-fund like mutual funds. The regulator has begun a “sweep” of the alternative mutual fund industry, The Wall Street Journal reports. For now, the SEC’s mission is information-gathering, […]

SEC Plans Sweep Of Alternative Mutual Funds

Jul 9 2014 | 6:23am ET – FINalternatives.com The Securities and Exchange Commission is set to turn its wary eye on so-called alternative mutual funds. The regulator plans to begin a set of examinations of such funds, known as a sweep, later this summer or in the fall, the head of its investment management division, […]

Former Prosecutor Likely Next SEC Chief

Jan 22 2013 | 12:56pm ET – FINalternatives.com In picking a new head for the Securities and Exchange Commission, President Barack Obama appears poised to break new ground. The president, who was inaugurated for his second term in office yesterday, is set to name Mary Jo White chairman of the SEC. White would be the […]

Pershing Square Seeks At Least $4 Billion In Permanent Capital IPO

Apr 19 2012 | 11:14am ET – FINalternatives.com Pershing Square Capital Management is set to launch the world’s largest closed-end listed hedge fund vehicle. The New York-based firm said it would hold an initial public offering for the listed feeder fund as soon as January, and that the permanent capital vehicle would hold at least […]