According to the Wall St. Journal fifty money managers have used Securities and Exchange Commission rules to keep confidential their stakes in certain companies so far this year, an analysis of securities filings shows.
The longstanding practice got a new burst of attention last month when billionaire Warren Buffett's Berkshire Hathaway Inc. disclosed a $10.7 billion bet on International Business Machines Corp.
The Omaha, Neb., conglomerate had been secretly accumulating the shares since March, twice receiving an exemption from the SEC on a 36-year-old law that requires investment firms owning more than $100 million in publicly traded stocks to disclose their holdings quarterly…
http://online.wsj.com/article/SB10001424052970204319004577084723328963742.html
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