One of the struggles with implementing a compliance
program for a private equity fund is that the Investment Advisers Act is targeted at retail operations
dealing with relatively liquid investments. Neither fits well with the private
equity model of...
With Dodd-Frank 's elimination of the 15
client exemption , thousands ( my guess ) of private fund managers will
need to register with the Securities and Exchange Commission as investment advisers to their funds . For alternative
The SEC has released its proposed changes to Form ADV to
better deal with private fund registration and the exempt, but reporting
required of venture capital funds: Release
The Securities and Exchange Commission is proposing new
Now that most private funds managers are required to
register with SEC as investment advisers, the SEC is considering abandoning
them to regulation by FINRA.
The SEC released the much anticipated report, a 40-page "
Study on Enhancing Investment...
Back in 2005, Associate Director Office of Compliance
Inspection and Examinations of the SEC, Gene Gohlke gave a speech addressing
hedge funds who would soon have to register under the doomed hedge fund rule.
He focused on what the funds needed in...