Software companies that have developed products to help fund firms calculate after-tax returns might logically have been chagrined when Paul Roye, director of the SEC's division of investment management, announced last month that legislation on Capital Hill may render moot a Securities and Exchange Commission regulation requiring fund companies to report after-tax returns that takes effect in October.

But they were not.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.