Intellectual property transactions associate Michael
Kurzer authored an article in the September 22 issue of
InvestmentNews on the potential impact of the SEC's
anticipated Section 13(f) rules regarding Form 13F disclosures,
which will require the public disclosure of short-sale positions by
investment managers. Mr. Kurzer notes that although the rules may
be an attempt to bring greater transparency to the market,
"The new rules may severely limit the ability of investment
managers to protect their trading strategies and require frequent
reporting of large portfolios on only a two-day delay from
real-time holdings."
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