2023-05-03 14:33:47
Large hedge funds will be required to privately report to regulators within 72 hours of large investment losses, according to a new regulation by the U.S. Securities and Exchange Commission (SEC). occur. The rule is expected to be approved by the SEC at its meeting on Thursday. The scrutiny of big hedge funds will be greatly increased.
For the first time, regulators will be able to see what happens in near real-time when major events occur at hedge fund firms with more than $1.5 billion in assets under management. Previously, information was obtained quarterly.
news-rsf-original-reference paywall">Original title:Big Hedge Funds Face New 72-Hour Deadline to Report Major Losses(excerpt)
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