Politico – In an effort to throw some light on the shadowy world of private investment pools, Democratic Sen. Jack Reed of Rhode Island is working to require hedge, private equity and venture capital funds to provide information on their dealings to the Securities and Exchange Commission.
Reed, a member of the Banking Committee, plans on offering an amendment to the financial regulatory reform bill when it comes to the Senate floor that would require private funds with more than $30 million in assets to register with the SEC and disclose information that would help regulators determine whether the funds pose any risk to the financial system.
