The SEC will urge more public disclosure from hedge funds if Congress requires the investment pools to register with the agency, said Chairman Mary Schapiro on September 18.
During a conference at Georgetown University in Washington, DC, Schapiro said that the SEC will likely require "some level of public reporting," as it does for mutual funds. Schapiro did acknowledge, however, that the SEC is "very aware of the tension" involved in requiring more disclosure because hedge funds do not want competitors to "front-run" their strategies.
Video of Schapiro speech: available here
Story: SEC's Schapiro Sees More Public Disclosure for Hedge Funds Bloomberg (Sept 18, 2009)