Groundwork laid for stricter regulation of asset managers

US study concludes firms would be vulnerable in a financial panic

Asset-management firms such as mutual funds are vulnerable to a financial panic, the Treasury Department said Monday, releasing a study that could lay the groundwork for stricter regulation of such financial players

The finding that the asset-management industry is "vulnerable to shocks" leaves US regulators with a decision about whether to subject large players such as BlackRock and Fidelity Investments to increased oversight.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire