SEC Investment Management Division Director Norm Champ Details Disclosure Challenges Facing Hedge and Alternative Mutual Fund Managers

On November 13, 2014, Norm Champ, Director of the SEC’s Division of Investment Management (IM), presented a speech at the American Law Institute’s 2014 Conference on Life Insurance Company Products.  In the speech, Champ laid out IM’s agenda as it relates to disclosure, publication of guidance, rulemaking, use of derivatives by mutual funds and stress testing of asset management firms.  This article relates the key points from Champ’s speech.  See also “SEC Investment Management Division Director Norm Champ Pinpoints the Key Compliance Challenges in Hedge Fund and Alternative Mutual Fund Management,” Hedge Fund Law Report, Vol. 7, No. 35 (Sep. 18, 2014).

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