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Rajib Chanda Quoted in The Wall Street Journal on SEC’s Proposed Rule Limiting Funds’ Exposure to Derivatives
03.28.16
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Corporate Partner Rajib Chanda was quoted in The Wall Street Journal in connection with the Securities and Exchange Commission’s recently proposed rule, which would limit alternative mutual funds’ exposure to derivatives to 150% of their net assets and would require them to “hold more cash or cashlike assets as a buffer against potential losses.” The article, “Hedge Funds for Retail Class Face Regulatory Reckoning,” discussed investors’ opposition to the rule, proposed by the SEC to curb risk. “If the SEC proceeds without creating a record that they have examined all of the alternatives, they are opening themselves up to a serious legal challenge,” said Rajib.
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