Hedge Funds Are Sitting On $1 Trillion Of Debt

Hedge Funds Are Sitting On $1 Trillion Of Debt

America’s largest hedge funds have $1.47 trillion in net assets and more than $1 trillion in debt, according to a new report from the Securities and Exchange Commission.

The SEC issued the report — the first of its kind — to Congress last week, according to Bloomberg.

Under Dodd-Frank, legislators directed the SEC to collect information from hedge funds and private equity firms.

The new reporting rules require hedge fund managers with more than than $1.5 billion in gross assets to file quarterly with the SEC (and for each separate fund with more than $500 million, they have to further detail leverage and risk).

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