Hedge Fund Fees in Crosshairs as Gensler Lays Out SEC’s 2022 Agenda
- SEC chief reiterates plans to focus on managers’ fee models
- Agency also to weigh making activists disclose stakes sooner
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Gary Gensler is putting hedge funds and private equity firms on notice that the fees they charge clients are going to draw more scrutiny from Wall Street’s main regulator in 2022.
The U.S. Securities and Exchange Commission will look at what fund managers charge as part of a broader effort to boost efficiency, competition and transparency in markets, Gensler said Wednesday. The comments follow similar remarks the SEC chief made last year when he took aim at hedge fund fees, including the long-standing 2-and-20 model for charging clients.