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Top related persons:
Andrew Kelly - 1 William Birdthistle - 1 Douglas Gillison - 1 Sonali Paul - 1
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Washington , SEC's
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U.S . Securities - 1 Exchange Commission - 1 Washington , D.C - 1 REUTERS - 1 Rights - 1 Exchange - 1 SEC's Division of Investment Management - 1 SEC - 1

Search resuls for: "William Birdthistle"


2 mentions found


☆ US SEC poised to ban deceptive ESG, 'growth' fund labels
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +3 min
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The vote by the U.S. Securities and Exchange Commission would update a two-decade-old "Names Rule" requiring that investment fund names match the assets they contain. The SEC since 2021 has also focused on prosecuting ESG-related misconduct and "greenwashing," bringing enforcement actions and levying fines. The 80% investment requirement currently applies to other fund characteristics such as risk. As a result of the change, 76% of investment funds would be subject to the "Names Rule" up from the current 60%, SEC officials said prior to the vote.
Persons: Andrew Kelly, William Birdthistle, Douglas Gillison, Sonali Paul Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Rights, Exchange, SEC's Division of Investment Management, SEC, Trade, Thomson Locations: Washington ,, SEC's
☆ U.S. SEC aims to help shrink hedge fund fees for investors
  + stars: | 2022-10-18 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
Oct 18 (Reuters) - The U.S. Securities and Exchange Commission aims to shrink hedge fund fees so that more money winds up in the hands of the asset managers and pension funds that invest in them, one of its top officials said on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterThe SEC in February voted to propose heightened regulations meant to scrutinize how private fund advisers charge fees to investors and measure fund performance. In August it proposed a rule to improve the quality of disclosures it receives from large hedge funds about their investment strategies and leverage. When asked whether the regulator was concerned about added costs the industry would bear, Birdthistle said the aim was to decrease fees and increase competition in the hedge fund space. Birdthistle did not say when the proposed Private Fund or heightened disclosure rules would be passed but that the aim of the regulation was to "increase information" and "fairness," in the hedge fund industry.
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