I haven’t seen much ink on the new Dodd Bill and potential short sale disclosure requirements, so it came to my surprise when I found this in an email from our fund lawyers:
New Short-Sale Reporting Requirement. The Act directs the SEC to create rules requiring at least monthly public disclosure of the name of the issuer and the title, class and CUSIP number of securities sold short, the aggregate amount of short sales of each security and any additional information that the SEC determines is appropriate. How this requirement will affect advisers who actually sell securities short will depend largely on the rules the SEC adopts. For example, it is unknown whether the rules will apply only to advisers filing Form 13F reports (generally, advisers with investment discretion over accounts holding at least $100 million in section 13(f) securities) or will also apply to other advisers.
—-
Really interesting new commodity fund from SummerHaven:
The United States Commodity Funds is pleased to announce the launch of the United States Commodity Index Fund (NYSE: USCI), the first 3rd Generation Commodity ETP. USCI seeks to provide clients with diversified commodity exposure while addressing some of the major obstacles of investing in commodity futures.
USCI is based on the SummerHaven Dynamic Commodity Index (SDCI), a rules based commodity index that seeks to identify long-term sources of return in commodity futures based on fundamental signals about the underlying physical commodity markets.
USCI differs from other Commodity ETFs in the following ways:
|
|
|
—-
I guess this is what happens when Mint.com gets acquired for $170mm – lots of competitors. Older post here: Why Pay for Beta?
TechCrunch post here
