Reuters- Hedge funds and other investment firms have been busily filing quarterly public reports to regulators in recent weeks, offering rivals a window into top manager holdings that sometimes movesshares.
But don’t look for any information from Bulldog Investors or Wynnefield Capital – their so-called 13-F filings are largely blank.
The two funds are leading a charge to overturn the rules that require them to file quarterly holdings information, maintaining that such disclosures are trade secrets. Both have applied to keep theirholdings confidential, but expect regulators to turn them down, forcing a court battle.
“We filed but it was blank,” said Phillip Goldstein, a veteran investor who heads the $300 million-plus hedge fund group Bulldog Investors and affiliate Full Value Advisors. “We haven’t heard backfrom the SEC.”
Mr. Goldstein is no stranger to tangling with regulators. Last year he successfully challenged SEC rules requiring hedge funds to register as investment advisers. The U.S. Court of Appeals in Juneagreed, forcing the SEC to abandon the rule.
