SEC Changes Hedge Fund And Endowment Rules

The Securities and Exchange Commission has proposed rules that would force large hedge funds and endowments to publicize votes on executive pay. The new rules would also require investors in these funds to offer more detail on share lending and how the practice affects proxy votes. Ultimately, the SEC wants this data to be machine-readable. The commission believes its current format doesn’t offer retail investors enough information about how their money is voted. Sadly, funds are threatening to pass on the cost of these new rules to customers.

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