Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Puts Alts Mutual Funds Under the Microscope Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 26, 2013

SEC Puts Alts Mutual Funds Under the Microscope

News summary by MFWire's editors

The SEC is increasing is scrutiny of alternative fund products, according to Financial Advisor.

The publication quotes Drew Bowden, head of the investment advisor and fund program at the SEC’s Office of Compliance Inspections and Examinations, during a Saturday speech at the who spoke Saturday at the Practising Law Institute’s two-day SEC Speaks forum in Washington, D.C.

According to Financial Advisor, alternative funds are expected to grow from 3 percent of mutual fund assets currently to 15 percent in 10 years.

Bowden argued that alternative vehicles require an extra effort by mutual fund compliance operations due to the high complexity of the investments used in these products. Moreover, SEC officials indicated they plan to scrutinize portfolio managers at the funds to see if they have the expertise needed to adequately run alternative investment strategies.

They said they’ll look closely at valuation at the firms since some alternative investments are illiquid, according to the magazine.

Learn more in Financial Advisor

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use