Is the SEC leaning towards more frequent disclosure requirements for fund companies? That is what some of the Levitt watchers at this week's fund roundtable may be wondering.

During a roundtable headed by Barry Barbash, SEC Chairman Arthur Levitt couldn't help but try to introduce the topic, according to TheStreet.com.

"I'd like you to ask the question of whether it is relevant to more frequently outline portfolio changes and changes in strategy," interjected Levitt, who was sitting off to the side, the online publication reported.

Unfortunately, Barbash didn't make the panel answer the question.

Leave 'em wanting more. That's what may be going through the minds of Chris Felipe and John Brennan, managers of the MFS Strategic Growth fund and MFS Capital Opportunities fund respectively. Today's Boston Globe reports that the pair have resigned from MFS Investment Management to launch their own private investment (hedge) fund.

The funds managed by the two brought in roughly $3.2 billion in new assets to MFS last year, according to the Globe. Stephen Pesek has been named to manage Massachusetts Investors Growth and he will co-manage MFS Strategic Growth with Irfan Ali, a software analyst.

The Massachusetts Muni Bond Fund, could feel pinched by the default of Boston Regional Medical Center, the Boston Herald reports. That fund already places 49th out of 56 similar funds with a return 4.04 percent in 12 months, Lipper says. Another fund company holding the defaulted bonds -- Merrill Lynch -- may not be hurt since no Merrill fund has more than two percent of its assets in the issue, the paper reports.

Soft dollar arrangements at fund companies are the subject of today's Funds Track column in the Journal. The article also takes a look at UAM's potential sale of Pilgrim Baxter which the MFWire.com reported on yesterday. 

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