(Editor’s note: Recently, a Canadian pension fund, the Public Sector Pension Investment Board (PSP) went public with a lawsuit alleging that hedge fund Saba Capital Management cheated PSP [click here to read], which benefits Canadian Mounties, during a $500 million redemption process. Boaz Ronald Weinstein, the founder, partner, and chief investment officer for Saba Capital,… Read More >>
SEC to Overhaul Regulations for Asset Managers
The SEC is mulling new, comprehensive operational and risk management rules that will update and deepen its oversight of the asset management industry, according to SEC Chair Mary Jo White, who yesterday outlined “regulatory enhancements” for the “increasingly complex portfolio composition and operations” of asset managers. The proposed overhaul will revamp data reporting requirements, fund-level… Read More >>
