Subject: File No. S7-08-20
From: Jim Redy
Affiliation: Investor

July 12, 2020

I think it's better to leave the current thresholds as it is. It helps keep track of investors independently from the manager to see what the manager is up to in the last 90 days. This is one of the best way to judge managers ability by looking at historically to see if he has performed as per the materials that are distributed from the firm to the investors. Current requirements are also force managers to be held accountable for greater transparency than without it.

I would actually like to see the increase in the current reporting requirements to include debt instruments and short instruments.