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
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.
Neil Anderson, Managing Editor
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