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SEC Launches Examination of Alternative Mutual Funds
The Wall Street Journal (online registration required): The Securities and Exchange Commission has launched a broad examination of alternative mutual funds, according to people familiar with the matter, kicking off regulatory scrutiny of one of the hottest and most controversial investment products to be offered to small investors.
The so-called funds "sweep" includes examinations of large investment firms such as BlackRock Inc. and AQR Capital Management LLC but also smaller...
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