Investment Executive – The U.S. Securities and Exchange Commission proposed a rule Tuesday that would require advisors to hedge funds and other private funds to report certain information to the new U.S. Financial Stability Oversight Council.
Under the proposal, larger private fund advisers managing hedge funds, “liquidity funds” (i.e., unregistered money market funds), and private equity funds would be subject to heightened reporting requirements to the FSOC, which monitors risk in the U.S. financial system.
