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In the past, the fund industry and regulators have considered allowing brokerage companies to sell a new type of mutual fund structured more like a financial product than an investment company.
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They are usually pooled investments (like mutual funds) structured as private partnerships (unlike mutual funds).
"If you did have VC funds structured as trade-able entities, it would be better". .
Just like any other brokerage account, you can have the option to invest in stocks, bonds, ETF index funds, structured notes, options, alternative investments and more.
Most will go into micro finance funds, private equity funds and structured bond funds, with as much as 70% invested in funds benefiting the developing world, Christensen said.
We're in a fund structure so we have a seven-year holding period.
Yet Mr. Falcone has indicated in the past that the hedge fund structure frustrates him, too.
Currently, most fund investors, because they are tax-exempt, are mostly indifferent to the tax consequences of the fund structure.
Africa Plus Partners (Africa Plus), for example, proposed a fund structure with features of American private equity.
The case provides a platform from which to discuss the pros and cons of various search fund structures.
"Let's not have it be perceived as effective if in reality it is not," said Steven M.H. Wallman, a former S.E.C. commissioner, referring to the current fund structure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com