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Monday, March 25, 2013

Pozen and Hamacher Call for Alt Fund Regs

News summary by MFWire's editors

An ex fundster bigwig and a trade group chief are calling for more regulation for alternative mutual funds.

In a guest column in the Financial Times, former MFS chairman Bob Pozen and NICSA president Theresa Hamacher suggested new labeling requirements for alternative mutual funds, more marketing restrictions, and possibly other new regulation.

"A new model for fund regulation is needed to ensure that product innovation is consistent with investor protection," the duo conclude.

Hamacher and Pozen previously collaborated on The Fund Industry, a deep dive book about the business. 

Edited by: Neil Anderson, Managing Editor


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