Nominee Calls for More Financial Regulations Treasury Secretary nominee Timothy Geithner testified before the Senate Finance Committee on January 21, 2009.  In prepared remarks Geithner hints at a desire to increase regulation of the financial markets: I believe that markets are central to innovation and to growth, but that markets [...]

Statement by CFTC Acting Chairman Michael V. Dunn January 21, 2009 As I temporarily take over at the helm of the CFTC, I want to thank former Acting Chairman Walter Lukken for his leadership during a very challenging time. He faced a period where economic events demonstrated, most vividly, the [...]

Using a Pitchbook to Market Your Hedge Fund Marketing a hedge fund is one of the more difficult parts of running and managing a fund.  Many times, managers will discuss investments into a fund through a face-to-face meeting with a potential investor.  During this meeting, a manager will utilize a [...]

SEC Charges Missing Trader for Defrauding Investors at Sarasota-Based Hedge Funds FOR IMMEDIATE RELEASE 2009-10 Washington, D.C., Jan. 21, 2009 — The Securities and Exchange Commission today charged Arthur Nadel of Sarasota, Fla., with fraud in connection with six hedge funds for which he acted as the principal investment advisor. [...]

Another Hedge Fund Definition The term “hedge fund” has been defined numerous times in various government reports and in other financial publications.  We have provided a previous Hedge Fund Definition.  The definition provided below comes from the President’s Working Group report on Hedge Fund Best Practices. **** By “hedge fund” [...]

Starting a hedge fund in the District of Columbia In DC, things are starting to get back to normal post-election.  Hedge fund and investment managers who are located in DC, however, will generally need to be registered as investment advisors with the Department of Insurance, Securities and Banking (ISB).  I’ve [...]

It is no secret that some of tomorrow’s brightest hedge fund managers are working with investment management and hedge fund techniques during their MBA programs.  Sometimes the work is self initiated – running incubator hedge funds outside of class.  Sometimes the work is part of a school sponsored program or [...]

Hedge Fund Law Blog in DC No posts for today – will be at Blue Gate, Front of Capital. [Note: if you are in the DC area and would like to meet anytime Wednesday or Thursday morning, please contact me to discuss.]

Commodity Firms Need to Complete Annual Regulatory Information The NFA recently released a regulatory reminder to firms which are registered as commodity pool operators and/or commodity trading advisors.  The reminder reminds CPOs and CTAs that there are certain annual regulatory items which a firm must complete in order to remain [...]

Full Report of Best Practices for the Hedge Fund Industry As we discussed in an earlier article on Hedge Fund Best Practices, the President’s Working Group outsourced the creation of best practices for the hedge fund industry.  The report below, reprinted in its entirety, provides a comprehensive review of the [...]