Divergent Impacts of the Proposed 13F Rule Change: Who Ultimately Wins?
The hedge fund industry, not exactly known for its transparency, appears as though it may soon become a bit more tight-lipped. On July 10, 2020, the SEC proposed raising the minimum filing requirement of Form 13F for the first time in 40 years from $100 million to $3.5 billion. Though the dollar increase appears significant, $3.5 billion represents proportionally the same market value of U.S. equities that $100 million represented in 1975, the year it was adopted.Q3 2020 hedge fund letters, conferences and moreThe original intentions of the filing requirements were to monitor the investment ac...