Many of us follow Activist investors such as Bulldog and SABA among others. The SEC proposal is to amend the Form 13F reporting threshold from $100 million to $3.5 billion. Bulldog and SABA will now be below that threshold.
An Activist would then be able to buy 4.99% of a fund and need not report it on a 13F or 13D.
I am curious to know if you believe this will be helpful or harmful to the individual investors.