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 [...]

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 [...]

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 [...]

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: [...]

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. **** SEC to Hold [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]