MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 27, 2013 Barron's: Fundsters' Dodd-Frank Grumblings May Be Legit Barron's Teresa Rivas reflected on the Financial Times story about remaining days before Dodd-Frank imposes derivative reforms for mutual funds and pension funds. The Financial Times story quotes James Wallin, a senior vice president on the fixed-income side of Alliance Bernstein [profile] , who is quoted as saying, "In a way we're simply doing what we've been doing for listed futures for years. But it's difficult moving an asset class like over-the-counter derivatives into a new framework." Rivas writes that what may be perceived whining may be a worthy complaint, now that managers have to put up more money on margin up front, which Rivas says could eat up liquid working capital. She reports that it may prove difficult to find a derivative product to "pair up" with more unusual risks, providing some headaches for fund firms. To read more, click here. Printed from: MFWire.com/story.asp?s=45762 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |