Public Object To SEC 13F Rule Change As Hedge Fund Crowding Surges

According to Goldman Sachs' latest Hedge Fund Trend Monitor report, public comments show strong opposition to the SEC's proposal to raise the 13F filing threshold from $100 million to $3.5 billion.

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The report, which profiled the holdings and trends of 815 hedge funds with $2 trillion of gross equity positions ($1.4 trillion long and $679 billion short) at the start of the third quarter, noted that if adopted, the proposed SEC rule change would reduce the number of hedge funds included in its analysis of the industry to just 65. These funds would cover $900 billion or 67% of equity assets, followed by the report.