Large hedge fund advisers will be required to disclose more information on their investment strategies, investment exposure, operations, and more as part of a rule change jointly adopted by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
On Thursday, the agencies each announced approved amendments to Form PF designed to enhance their oversight of the private fund industry. The rule changes seek to address “gaps” identified by the agencies and the Financial Stability Oversight Council (FSOC) regarding information received from private fund advisers in current disclosures.
