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Rajib Chanda Quoted in Ignites on Impact for Closed-End Funds of SEC’s Recently Proposed Rules
02.28.22
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Corporate Partner Rajib Chanda was quoted in an article in Ignites, a Financial Times publication, titled, “SEC Draft Rule May Push CEFs, 401(k)s Away from PE.” The article discussed how the SEC’s recently proposed rule that would increase the disclosure requirements for private funds could also change the mutual fund landscape. Rajib explained how most closed-end funds do not receive the preferential treatment that the rule seeks to crack down on because they aren’t big enough. He further noted how the proposal is unlikely to change the opinions of retail fund advisors, saying “The decision to invest in private markets by a retail fund is always a net return question. If being told exactly what those different fees are changes the calculus, then the retail fund sponsor is doing the calculus wrong now.”
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