(Financial Times) The global private funds industry is bracing for one of the most sweeping regulatory
reforms in its history as the US Securities and Exchange Commission prepares to
impose tough rules on private equity, real estate and hedge funds.
The far-reaching rules, first proposed in February 2022, are aimed at protecting
investors by requiring detailed quarterly reporting on performance, prohibiting secret
side deals that give better terms to some investors and limiting what expenses private
managers can pass on to their clients.
Read more here.