After Inspecting Private Equity Funds, S.E.C. Examiners to Broaden Focus

Officials at the Securities and Exchange Commission have said they discovered numerous problems when examining private equity firms during a two-year review that ended recently. Now, a specialized group of examiners is set to train its focus on hedge funds and other funds that invest in illiquid products like real estate, timber and energy assets, an S.E.C. official said on Thursday. These new examinations will be more limited in scope than the examinations of private equity firms, taking a “thematic and systematic” approach, said the official, Igor Rozenblit, who leads the agency’s private funds unit. That unit, part of the agency’s office of compliance inspections and examinations, will conduct the new exams. More in the New York Times here.