SEC Takes Aim at Hedged Mutual Funds’ Leverage, Liquidity

Bloomberg – The U.S. Securities and Exchange Commission is reviewing whether certain alternative mutual funds that mimic riskier hedge-fund strategies are complying with leverage and liquidity rules.

The SEC plans to test around 25 of the funds over the next several months, Jane Jarcho, an associate director in the Securities and Exchange Commission’s examination program, said yesterday in an interview.

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