Summary: On Tuesday the SEC announced that a new company filing database which will be faster and easier to use than the current EDGAR system. The new system is called IDEA, short for Interactive Data Electronic Applications. With IDEA, investors will be able to instantly collate information from thousands of [...]

In short, hedge funds are pooled investment vehicles. That is, a hedge fund is a company which pools money from its investors (owners) and makes investments pursuant to the fund’s stated investment objective. There are many different types of hedge funds, which can invest in everything from stocks and bonds [...]

National Futures Association Promotional Material Workshop/Small Firms Workshop Monday, October 20, 2008 The Westin Hotel New York City NFA announces two half-day workshops for NFA Members and futures compliance professionals on Monday, October 20, 2008 in New York. The workshops will be held in the Broadway Ballroom at The Westin [...]

Today in the New York Times Business section, there is an article about a hedge fund run by form CNBC news anchor Ron Insana (click here for article). The article details Mr. Insana’s quest to become a fund of funds manager and the pitfalls that befell the former market commentator. [...]

I came across this ERISA hedge fund article last night and found it to be very interesting.  This article highlights an issue that is plaguing the hedge fund industry – how to value illiquid and other hard to value assets.  This issue has come to the forefront over the last [...]

I have started my hedge fund podcasts once again. Each week I’ll review the most interesting or important stories that involve the hedge fund industry and analyze how the such stories affect hedge fund managers and investors.  This week I discuss two hedge fund news stories, two SEC actions, and [...]

Question: What costs does a hedge fund pay for and what costs does the hedge fund management company pay for? Answer: This is another very common question. Most hedge fund offering documents provide a boilerplate approach for splitting costs between the hedge fund and the management company. The general rule [...]

Question: Should a start-up hedge fund have an audit? Answer: This is a question which we will get very often for funds that aim to launch on July 1 or later.  While there is generally no legal requirement for a hedge fund to have their performance results audited, a vast [...]

I previously wrote an article about distressed debt hedge funds and the popularity of such funds as they try to get in for a deal. However, the considerable amount of media attention which has been focused on this sector of the market has spooked investors enough to get them moving [...]

Many hedge fund managers choose to utilize futures and/or commodities in their trading purposes. Generally such managers will need to register as commodity pool operators (“CPO”) and as commodity trading advisors (“CTA”). The hedge fund itself will be deemed to be a commodity pool. For purposes of the Commodities Exchange [...]