NEW regulations mandating greater transparency from US private fund managers could prompt Asian funds to improve their disclosure practices, as more managers here target US capital.

The US Securities and Exchange Commission (SEC) on Aug 23 passed new rules for managers of private funds in the United States. The move aims to address longstanding concerns about investor protection in the opaque industry.

The rules, among the SEC’s most far-reaching to date, will require managers to be more detailed in quarterly disclosures of performance, fees and expenses.