July 16, 2020
We are a long term investor in hedge funds globally, with 50% of our assets in US based hedge funds. Public filling is an important source of information for us to evaluate both portfolio hedge funds and potential investment partners. Lack of transparency hurts both retail and institutional investors. The SEC should focus more on improving hedge funds disclosures rather than curbing it. Hedge Fund frauds like Bernie Madoff is a disgrace of the SEC and destroyed families. A more regulated and transparent disclosure would have helped to prevent that.
We urge you NOT to increase the threshold of current reporting AUM of 100 million USD.