Mar
20
Hedge Fund ‘Wolf Pack’
ByAttention all you hedge-fund wolfs out there: Your pack is being stalked by some Washington lawmakers.
Two Senate Democrats introduced a bill that would reduce the time large shareholders have to report stakes of 5 percent or more in a company to two days from 10. (Here’s a good New York Times article with all the details.) The idea is to prevent “wolf packs” of fund managers from forming after a lead fund tips off the other wolves that it’s planning to disclose a large stake…
