From the monthly archives:

April 2009

Hedge Fund Regulation Hearing May 7

April 30, 2009

Congress Looks to Regulate Hedge Funds
According to an article by Reuters, the U.S. House Financial Services Committee will be holding a hearing on hedge fund regulation.  The meeting is expected to be held on May 7.   The HouseFinancial Services Committee website has not yet announced the hearing.   We will keep up to date on this [...]

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Over 100 Hedge Fund Managers Apply For PPIP

April 29, 2009

The Treasury announced today that they received over 100 applications from fund managers who want to participate in the Public Private Investment Program (PPIP).  There have been a number of questions regarding the structure of investment vehicles under the PPIP.  In addition to the Treasury release from earlier today, I have included below some additional [...]

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Interpretive Release on Regulation D

April 28, 2009

There are occasionally times when questions arise as to the meaning of certain undefined terms within statutes or regulations.  Practitioners have a variety of different resources which can help shed light onto these undefined terms or at least provide background information or context.  Below is the SEC’s Interpretive Release on the Regulation D rules.  Please [...]

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SEC Chairman Discusses Potential New IA Custody Rules

April 28, 2009

Hedge Fund Advisors May be Impacted

Yesterday SEC Chairman Mary Schapiro discussed many new SEC initiatives in a speech given to the Society of American Business Editors and Writers.  One of the new initiatives involves those advisors who have “custody” of client assets.  With respect to such advisors, Shapiro said:
I anticipate that this proposal will include [...]

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SEC to Examine Short Sales

April 27, 2009

Last year we discussed the SEC’s ban on short sales and the implementation of the new Form-SH.  Next week the SEC will be considering modifications to the short sales rules.  The press release is below and we will continue to bring updated information on this issue.
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SEC to Hold Roundtable on May 5 to Examine Short [...]

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Hedge Fund Due Diligence Firm Drops Ball, Receives Fine

April 26, 2009

In what represents an unbelievable screw-up, professed hedge fund due diligence firm Hennessee Group was charged by the SEC with not performing the due diligence it supposedly provided to hedge fund investors who used their services.  According to the SEC Administrative Order, Henessee did not perform certain key elements of the due diligence process which [...]

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Series 30 Exam Information

April 24, 2009

Overview of Series 30 Exam
The Series 30 exam is a National Futures Association sponsored exam which is required for those persons who are branch office managers of a NFA member firm (see our post on CPO and CTA Branch Office Information).  Generally if a NFA Member firm (such as a CPO or CTA) has a [...]

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NFA Branch Office Designation

April 23, 2009

CPO and CTA Information on Branch Offices

Many commodity pool operators and commodity trading advisors are large enough that they have more than one central office.  Even small CPOs and CTAs may have more than one central office.  In these situations the CPO or CTA is deemed to have both a main office as well as [...]

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Revising the Hedge Fund Compensation Structure

April 13, 2009

Syndicated Post on Hedge Fund Fees
I have recently come across a very good blog called Ten Seconds Into the Future by Bryan Goh of First Avenue Partners, a hedge fund seeder.  Bryan’s posts are very insightful and I recommend all managers take a look at his writings.  The post below discusses some possible ways which [...]

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Hedge Funds Care LA Event

April 11, 2009

3rd Annual Los Angeles Benefit
4/30/2009 - Los Angeles
The Hedge Funds Care Los Angeles Committee cordially invites you to their 3rd Annual Benefit.
Thursday, April 30, 2009
5:00 PM
W Los Angeles
930 Hilgard Avenue
Los Angeles, CA 90024
For more information, please contact Dan Butchko at DButchko@HedgeFundsCare.org or 212-991-9600 ext. 336.
The Invitation:
You’re Invited!
The Hedge Funds Care Lose Angeles Committee
cordially invites you [...]

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