SEC sweep: Liquid alternative funds (PricewaterhouseCoopers)

June 2014

KEYWORDS: 40 Act liquid alternative funds, SEC, Securities and Exchange Commission, sweep examination, examinations, risk



  • PricewaterhouseCoopers

Alternative mutual funds (“liquid alts”) have experienced explosive growth in recent years as investors continue to seek higher returns in the current low yield environment, while maintaining some protection against downside risk. The Securities and Exchange Commission’s (“SEC”) examination staff has taken notice, and recently announced a coordinated review (or “sweep”) of various liquid alts managers and funds.

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