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S.E.C. Sees More Disclosure by Hedge Funds

New York Times – The Securities and Exchange Commission will urge more public disclosure from hedge funds if Congress follows through with plans to make them register with the agency, the agency’s chairwoman, Mary L. Schapiro, said Friday.

The S.E.C. will probably require “some level of public reporting,” as it currently does for mutual funds, Ms. Schapiro said during a conference at Georgetown University in Washington, Bloomberg News reports. She said the agency was “very aware of the tension” involved in requiring more disclosure because hedge funds did not want competitors to “front-run” their strategies.

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