Hedge funds are sounding the alarm about cyber blunders by financial regulators as the funds get ready to hand over more details on their closely guarded investment strategies.
The Securities and Exchange Commission and the Commodity Futures Trading Commission last week adopted rules expanding what private fund advisers must confidentially report—such as details on their crypto investments and credit strategies, including litigation funding. Regulators said the additional data will help them monitor market risks and bolster oversight of the private fund industry, which has grown to managing about $26 trillion in gross assets.
Industry groups voiced concerns about the government’s ...
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