SEC proposes rule change for fund-of-funds managers


SEC, venture capital, mutual funds, legislation, fund managers
The seal of the SEC on the wall at headquarters in Washington on June 24, 2011. REUTERS/Jonathan Ernst.
The SEC this week proposed a rule that aims to make it easier for fund-of-funds managers to invest larger amounts in the funds they back. In proposing the rule, the SEC referred to mutual funds and exchange-traded funds, but it ...

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