A recent controversy involving two hedge fund co-founders revealed in a recent Securities and Exchange Commission (SEC) filing has industry leaders examining the need for continued transparency when it comes to disclosures. Financial Markets and Funds Global Chair Lance Zinman told FundFire that choosing to disclose particular information could result in a company having to provide updates going forward that are sensitive. "Once you open that door and determine the disclosure is material to the client, you have a duty to update to the extent the update is also material to the client."

"Has Two Sigma's Feud Disclosure Forged a Hedge Fund Precedent?," FundFire, June 28, 2023

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