Tag Archives: Hedge Funds and Private Equity

SEC Building

News Release: Several Organizations Commend SEC for New Private Fund Rules that will Better Protect and Empower Retirees

Several organizations today joined together to express support for the Securities and Exchange Commission’s (SEC) rule last week that would better protect retirees and savers from the lack of transparency in the $25 trillion private fund industry that has allowed it to overcharge its investors for decades.

The new rules from the SEC’s will require that private funds – primarily private equity and hedge funds – must disclose all their fees and expenses in a clearer, standardized fashion so that investors on behalf of retirees and savers more clearly see what they are being charged for, and can better use this new information to negotiate against their fund advisers or take their money elsewhere.

News Release: New SEC Private Fund Rules Can Help Stop Ripoff of Retirement Savers

Washington, D.C. – New investor protections announced today by the Securities and Exchange Commission (SEC) have the potential to curb widespread practices that have allowed Wall Street’s $25 trillion private fund industry to harvest tens of billions in fees at the expense of public pensions, retirees, and other savers – all to the advantage of some of the richest people in the world.

Letters to Regulators: Letter to CMS on Proposed Rule on Ownership of Nursing Facilities

AFREF submitted a comment to the Centers for Medicare and Medicaid Services (CMS) on their proposed rule to require the disclosure of important information regarding the ownership and control of nursing facilities, including when an owning or managing entity is a private equity (PE) company or a Real Estate Investment Trust (REIT).

Private equity and healthcare are incompatible and AFREF states in the letter that the current lack of transparency in ownership of facilities exacerbates the problem and shields owners and investors from accountability for the performance of the businesses they own and welcomes the disclosure rule.