ca.finance.yahoo.com
By Nell Mackenzie
(Reuters) – The US Securities and Exchange Commission wants to cut fees on hedge funds to get more money into the hands of the wealth managers and pension funds that invest in them, one of its top officials said on Tuesday.
William Birdthistle, director of the SEC’s investment management division, said the US regulator remains committed to increasing transparency and competition in the industry. He spoke at a Managed Funds Association conference in…
