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The rule requires fund companies to tell investors how their managers are compensated, for example by disclosing any incentive arrangements.
Few if any fund executives expect Mr. Donaldson to support backtracking on a new S.E.C. rule that requires fund sponsors to tell shareholders how they voted on issues raised in the governing of portfolio companies.
In its letters to potential investors, however, the Treasury requires fund managers to set out how they will include retail investors, saying applicants "must note whether, and if so how, it plans to structure the fund to facilitate the participation of retail investors in the fund".
Once they do, the authors said, shareholders should then be able to experiment, in the market, to find the best ways of exerting such ownership.Essentially, Messrs Monks and Sykes want governments to enforce existing trust law, which already requires fund managers and other fiduciaries to act solely in the interests of their beneficiaries.
Generally, the law requires fund managers to avoid complex, risky investments, and it provides that such investments only be offered if the manager is sophisticated and squeaky clean.
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It requires funding and action.
We accept that journalism requires funding.
Like many businesses, it occasionally requires funding.
But he leaves out the bitter truth: Nation-building requires funding.
"But that requires funding we simply don't have," he said.
The rule also requires funds to reveal whether managers oversee any other investments sold by the company, including hedge funds.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com