Industry experts say the recent push for increased transparency and disclosure in funds may actually have to opposite result, with investors receiving less or vague information in their shareholders letters, Reuters reports.

Fund executives might tread carefully, failing to go into sufficient detail regarding strategy and performance in their letters to shareholders, for fear of legal repercussions, industry and legal experts say. Corporate governance rules outlined in the Sarbanes-Oxley Act, which was passed in the wake of scandals at Enron, Tyco, and WorldCom, are worrying execs.

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