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Mr. Shelby has held nine hearings on mutual fund issues.
Another indicator will come Monday, when the International Monetary Fund issues its own report on the Spanish banking sector.
A spokesman for the California state treasurer's office, which is responsible for disclosures to bondholders, said "we provided all material information about pension fund issues at all times".
Specifically, the fund issues guarantees meant to fortify borrowing capacities, provides technical assistance to monetary institutions, and provides short- and medium-term loans.
The International Monetary Fund issues an update to its World Economic Outlook; the Bank of Canada issues an interest rate decision and quarterly economic forecast; and the World Economic Forum's annual meeting begins in Davos, Switzerland (Wednesday).
These are "open-ended" vehicles, meaning that every time an investor puts money in, the fund issues him new shares, and every time he takes money out, the fund redeems some.
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The quandary was an acutely stressful version of the ancient mutual fund issue of turnover.
The fund issued a carefully worded statement neither supporting nor rejecting the bid.
Batstone-Carr said this was "quite a nice idea", that might address the hedge fund issue.
His comments came as confirmation of warnings that the International Monetary Fund issued last weekend.
In June, the fund issued a report saying it was witnessing an "avalanche of serious environmental losses".
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