{"id":70052,"date":"2019-07-12T00:34:27","date_gmt":"2019-07-12T04:34:27","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=70052"},"modified":"2019-07-12T00:34:27","modified_gmt":"2019-07-12T04:34:27","slug":"sec-reforms-open-door-to-bdc-market-shakeup","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2019\/sec-reforms-open-door-to-bdc-market-shakeup.html","title":{"rendered":"SEC reforms open door to BDC market shakeup"},"content":{"rendered":"<p>(Reuters) The US Securities and Exchange Commission\u2019s (SEC) fund of funds proposals potentially open the door to a shakeup in the Business Development Company (BDC) market. Under the existing guidelines, regulated funds are prohibited from owning more than 3% of another fund\u2019s outstanding voting securities, a limitation that has restricted activist funds from having a big influence on the sector. \u201cIf you can\u2019t own more than 3% in a BDC then you don\u2019t have the natural consequences of activism that improves governance,\u201d said one fund manager. \u201cActivism is capitalism doing its job.\u201d <\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/sec-bdcshakeup\/sec-reforms-open-door-to-bdc-market-shakeup-idUSL2N24C14Z\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) The US Securities and Exchange Commission\u2019s (SEC) fund of funds proposals potentially open the door to a shakeup in the Business Development Company (BDC) market. Under the existing guidelines, regulated funds are prohibited from owning more than 3% of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70052","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=70052"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70052\/revisions"}],"predecessor-version":[{"id":70053,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70052\/revisions\/70053"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=70052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=70052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=70052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}