Stansky goes to great lengths in Magellan's semiannual report to defend his fund from this taint of closet indexing.

FORBES: Truth in packaging

Ben Bernanke is set to deliver his semiannual report to Congress, and in prepared remarks ahead of his appearance before the Senate Tuesday, the Federal Reserve Chairman said the U.S. economy is still improving, albeit unevenly.

FORBES: Bernanke: Economy Didn't Stall In Q4, It Just Paused

Along those lines, we note that senior US officials have been quiet on the issue of currency appreciation, with the US Treasury Department delaying the publication of its semiannual report on exchange rate policies, which was due on April 15.

FORBES: Barclays Sees China Yuan Up 5.2% In 2011

In a semiannual report to Congress, Fed Chairman Ben Bernanke told politicians that commodity-price inflation, and oil prices more specifically, could pose a threat to economic growth and price stability if sustained at high levels, while at the same time reassuring markets and politicians that inflation remained low and expectations stable.

FORBES: Bernanke Warns Rising Oil Prices A Threat To U.S.

On Tuesday, Fed Chairman Ben Bernanke begins two days of testimony on Capitol Hill as he delivers his semiannual economic report to lawmakers.

FORBES: The Fed As Super-Regulator

The report was released as global financial leaders gathered for the semiannual meetings of the IMF and World Bank later this week.

FORBES: Markets: 'What Do We Need Gold For?' (And Other Quotes Of The Week)