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In a white paper supported financially by the Coalition for Responsible Portfolio Management and submitted to the SEC, Lewis argued that alternative mutual funds don't expose investors to undue risk.
In a white
paper supported financially by the Coalition for Responsible
Portfolio Management and submitted to the SEC, Lewis argued that
alternative mutual funds don't expose investors to undue risk.
Rather, he suggested that funds use derivatives and leverage to
realize greater portfolio diversification. According to the white
paper, the SEC's proposed
rule from late 2015 would "significantly impact"
alternative mutual funds' use of derivatives, according to
Craig Lewis, a finance professor at the Owen Graduate School of
Management at Vanderbilt University. The proposal, which would
apply to mutual funds, ETFs, closed-end funds and other entities,
would limit funds' use of derivatives and require risk
management measures designed to better protect investors.
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