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Rumours abound that the SEC is trying to target one of the industry's largest funds.
The largest funds may want to explore setting out on their own.
Some of Alliance's largest funds "are still no bargain," he said.
Accounting problems recently forced D.B. Zwirn to close two of its largest funds.
Nine of its 10 largest funds had positive returns for the first quarter, according to Morningstar.
The two largest funds here swelled to more than $700,000 last week.
Five of its largest funds have beaten the S.& P. 500 over the last decade.
The changes call for only the largest funds to report the most detailed information, eliminate any penalty of perjury for misleading reports and delay for six months the initial reports for all but the largest funds.
But the experience of the average investor is clearly driven more by the performance of the largest funds.
One of his largest funds lost more than 50 percent, after bets on the economic recovery soured.
Some studies suggest that over the long term the largest funds struggle to beat somewhat smaller, more nimble brethren.
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CEO of Professional Science Editing for Scientists @ prosciediting.com