Small Funds Content

In 1982, the asset management industry landscape looked very different. ETFs didn’t exist, most work was done without modern technology, and most people would be lucky to have a beeper, much less a...

The Pressures Facing Smaller Funds Fixed compliance costs spread across fewer assets, leading to higher expense ratios and pressure on net returns Structural scale advantages that favor larger...

Small entities are essential to a competitive and innovative asset management ecosystem, expanding investor choice through specialized and niche strategies. Regulatory burdens that disproportionately affect these firms can weaken competition, restrict investor options, and reduce the overall diversity of the industry.

ICI submitted a comment letter to the SEC, responding to its proposed amendments to the definitions of “small fund” and “small adviser” for purposes of the Regulatory Flexibility Act.