FINANCE BRIEF: Gensler Says Hedge Funds Face More SEC Reporting

Wall Street’s main regulators are advancing a controversial bid to boost how much information big hedge funds must share with the government.

SEC Chair Gary Gensler signaled Wednesday his agency and the CFTC may soon require large private funds to confidentially give more details on borrowing and counter-party exposure, liquidity, and other metrics. The agencies proposed the mandates last year.

“Stay tuned,” Gensler said during a conference hosted by Better Markets, a Washington-based group that generally advocates for tighter financial rules.

As proposed by the SEC, the rules would mostly apply to funds with net assets of at least $500 ...