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Adam Aderton Quoted in Fund Directions on the SEC’s Liquidity Rule
Partner Adam Aderton was quoted in an article in Fund Directions titled, “Adjustments Possible for SEC’s ‘One-Size-Fits- All’ Liquidity Rule?” which discussed the possibility for amendments to SEC Rule 22e-4 under the Investment Company Act of 1940. In discussing calls for changes to the liquidity rule, Adam explained that there may be instances where some funds bear costs out of proportion with the liquidity risk they present given the nature of their portfolios. When commenting on the possibility of future rule amendments, he indicated that while not part of the SEC’s current regulatory agenda, “if there was to be a change, it could come in the form of exemptive relief provided to funds with highly liquid portfolios.”
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