Allows Hedge Funds to Openly Solicit Investors President Obama has signed into law the Jumpstart Our Business Startups Act (“JOBS Act”), a law which eases some of the private investment fund industry’s long-standing regulatory burdens. There are two parts of the JOBS Act which in particular stand out for the [...]

Annual Update Information for CPOs, CTAs, IBs, and FCMs We are a little behind getting this update out this year.  Please contact us if you have any questions or would like help with any updates. **** NFA members (including commodity pool operators, commodity trading advisers, introducing brokers, futures commission merchants, [...]

All apologies…we are late this month… The following are various hedge fund events happening this month. Please contact us if you would like us to add your event to this list. **** March 1 Sponsor: Hedge Funds Care Event: 14th Annual New York Open Your Heart to the Children Benefit Location: [...]

www.colefrieman.com Clients, Friends, Associates: Although we are late in publishing this year-end planning memo, we believe it may still be helpful for managers on this last day of 2011 and into the new year.  In addition to all of the administrative details involved in closing out the year, the regulatory landscape [...]

On December 1st and 2nd Private Equity International (PEI) will be hosting a Fund Compliance Forum in San Francisco.   The forum will be focused on providing private equity firms with information on various Dodd-Frank compliance requirements, including the investment adviser registration requirement.  Karl Cole-Frieman, a partner with Cole-Frieman & [...]

The National Introducing Brokers Association (NIBA) has started a petition asking the judge in the MF Global bankruptcy proceeding to release customer segregated funds.  Below we have provided the full text of the petition which members of the community can sign by going here.  It is unclear how this would work [...]

SEC v. Andrey C. Hicks and Locust Offshore Management, LLC Marketing, of course, is an issue close to the heart of every hedge fund manager. You spend so much time and effort making your pitchbook and other materials exactly right in terms of strategy, investment process and all the details [...]

Quarterly CPO Filing Due by November 14 For those commodity pool operators who are registered with the NFA, there is a quarterly reporting requirement under Rule 2-46.  This filing must be submitted to the NFA by November 14 through the NFA’s EasyFile system.  Today the NFA sent the following reminder [...]

SIPC Does Not Cover Futures Accounts at MF Global The MF Global bankruptcy is creating a number of problems for managers with accounts at the firm. One question we have received from some managers is whether their client accounts are insured either through the Securities Investor Protection Corporation (“SIPC”) or [...]

CPOs Must Provide Information to Fund Investors Below is guidance just provided by the NFA regarding MF Global.  Commodity Pool Operators must provide investors with a disclosure regarding the fund’s assets held at MF Global.  Additionally, if the CPO is soliciting new investors for the fund, the CPO will need [...]