Exact(7)
Nor are sponsors known to be contemplating changes in fund names.
Geoffrey H. Bobroff, a consultant to the mutual fund industry, cautioned investors not to rely too heavily on fund names.
Some of Mayfair and Belgravia's most powerful hedge fund names turned out, led by prized party donors Sir Michael Hintze of CQS and Andrew Law of Caxton – both also ex-Goldman executives.
"The rule does not apply to fund names that incorporate terms such as 'growth' and 'value' that connote types of investment strategies as opposed to types of investments," the commission decided.
Rule 35d-1, as the S.E.C.'s policy on fund names is now formally known, prohibits names that use terms like "guaranteed" or "insured" in a way that implies federal backing.
"We're able to make sensible recommendations on what funds people would invest in, present in a way that's not these jargon-filled fund names".
Similar(52)
Instead, the S.E.C. said, a hedge fund named Magnetar Capital chose the assets.
In 2002 UNICEF (United Nations Children's Fund) named her one of its goodwill ambassadors.
She also plans to develop an art fund named ArtVest, she said.
Pikard's owner kept a country home in Pennsylvania, hence the fund name.
| The company, under pressure from Highfields Capital, a hedge fund, named a longtime Nestlé executive as its new chief executive.
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