In This Issue:
The latest edition of Simpson Thacher’s Registered Funds Alert discusses recent developments in the registered funds industry, including: answering frequently asked questions regarding the effects of a recent legislative victory for business development companies (BDCs); analyzing the SEC’s proposed interpretation of investment advisers’ fiduciary duties to clients; suggesting ways that the SEC could better promote self-reporting; and explaining the new "Active Share" metric and the investigation that led to its development.
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