From the monthly archives:

February 2009

Hedge Fund Start Up Presentation

February 26, 2009

How to Start a Hedge Fund in 2009
Below is a link to a powerpoint presentation in which I detail the background information a hedge fund manager must have prior to starting the hedge fund formation process.  The presentation is designed to familiarize a manager with the process of forming a fund while identifying potential issues [...]

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Thoughts on Hedge Fund Offering Documents

February 25, 2009

FAQs on Offering Documents
I recently read an article by a hedge fund administration firm which discussed hedge fund offering documents and start up hedge fund expenses.  I thought this was an interesting topic and one which is popular with many of my start up clients.  Below I discuss some of the common questions regarding the [...]

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Hedge Fund Taxes May Increase under Obama

February 23, 2009

Obama to Propos Taxing Hedge Fund Carried Interest
Groups such as the New York Times and Daily Finance are reporting that Obama’s proposed fiscal 2010 budget, which will be released tomorrow, will include provisions which will increase taxes for hedge fund managers (and private equity fund managers).   Such a provision would likely be written to provide [...]

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New Hedge Fund Laws Proposed in Connecticut

February 23, 2009

State to Increase Regulation of Hedge Funds
(www.hedgefundlawblog.com)  Connecticut, home of many of the biggest hedge funds in the world, may begin regulating hedge funds in a heavy handed manner.  Recently state lawmakers have introduced three bills (Raised Bill No. 953, Raised Bill No. 6477 and Raised Bill No. 6480) which would greatly increase oversight of [...]

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Ponzi Scheme Targets Deaf Community

February 19, 2009

SEC and CFTC Act to Halt New Fraud
Another fraud was unveiled today as the SEC and the CFTC worked in conjunction to halt a ponzi scheme which purportedly made great returns by trading in the off-exchange foreign currency (forex) markets.  The scammer was a member of the deaf community and perpetrated the fraud on others [...]

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Forex E-Micro

February 19, 2009

New Forex Product Launched by CME
As the CFTC continues to work on promulgating rules which would require forex managers to register (the so called new forex registration rules), the CME has introduced a new forex product called the Forex E-micro which is geared towards the retail forex investor.  It is currently not clear how this [...]

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Hedge Fund Administrator Charity

February 18, 2009

As described in the press release reprinted below a hedge fund administrator is providing reduced fees to clients who donate their set up fees to Hedge Funds Care, a charity which benefits abused children.  Hedge Funds Care puts on a number of events throughout the US.  The San Francisco Hedge Funds Care group will be [...]

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Another Massive Fraud Alledged in the Securities Industry

February 17, 2009

The SEC release is below.  For more additional reading and insight into this story, please see the Standford SEC Memorandum of Law.
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SEC Charges R. Allen Stanford, Stanford International Bank for Multi-Billion Dollar Investment Scheme
FOR IMMEDIATE RELEASE
2009-26
Washington, D.C., Feb. 17, 2009 — The Securities and Exchange Commission today charged Robert Allen Stanford and three of his [...]

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Four CFTC Actions against CPOs and CTAs

February 16, 2009

This past week and a half has proven to be a busy time for the CFTC’s enforcement divisions as a number of actions have been released to the public.  The four actions below showcase the unlawful and unsavory behavior of four groups.  Specifically, two of the actions below provide details of two more Ponzi schemes [...]

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