The Securities and Exchange Commission will propose rules next month raising asset requirements for investing in hedge funds after one fund, Amaranth Advisers, lost $6.5 billion on bad natural gas trades.
The changes will be proposed to the S.E.C.’s five commissioners at a December meeting in Washington, the agency chairman, Christopher Cox, said yesterday. He did not specify how the agency might limit the pool of hedge-fund investors.
Monday, November 13, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment