SEC rule proposals would shake up hedge fund practices (FundFire)
FrontLine Compliance
Increased regulatory oversight, more compliance requirements and greater costs are all on the table for hedge funds in light of recent SEC rule proposals. Included in what would be numerous new requirements, SEC registered hedge funds would need to provide quarterly statements to investors that include performance, fees and expenses. Additionally, annual audits of each fund would be required for greater disclosures of side agreements and certain business arrangements. FrontLine’s Founder and President Amy Lynch…
