The Securities and Exchange Commission has long had rules governing the use of fund names, but now it has proposed amendments that would expand the Names Rule to include terms that describe specific strategies. If the amendment is approved, countless fund managers would have to either change their fund's name or adjust their strategy so that it complies with the strict changes governing names and strategies.
Of course, the amendment is still in the proposal phase, which means fund managers and their attorneys have a chance to weigh in before anything is finalized. However, whatever happens will undoubtedly have a significant impact on the asset management industry.
Q2 2022 hedge fund letters, conferences and more
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