The following Treasury press release can be found here.  Please also see the article on earlier PPIP closings. **** Treasury Announces Additional initial closing of Legacy Securities Public Private Investment Fund November 5, 2009 TG-357 Treasury Department Announces Additional initial closing of Legacy Securities Public Private Investment Fund WASHINGTON — [...]

SEC Proposed Pay to Play Rules Draw Many Comments Earlier this year the SEC proposed so-called “pay to play” rules which would restrict SEC registered investment advisers from managing money from state and local governments under certain circumstances.  According to the SEC press release, “the measures are designed to prevent [...]

The following are various hedge fund events happening this month. **** November 2 Sponsor: University of Oregon Lundquist College of Business Securities Analysis Center Event: Portland Alternative Investment Association – Educational Event Location: Portland, OR November 3 – November 5 Sponsors: Battea – Class Action Services, LLC,  Citco Banking Services, [...]

Investment Banking Representative Exam Goes Live Today marks the first day that current Series 7 licensed representatives of BDs who engage in “investment banking activities” can opt in to the Series 79 license.  Current Series 7′s will need to talk with their compliance department who will be able to complete [...]

By Bart Mallon, Esq. (www.colefrieman.com) Marketing for Small CTAs For small commodity trading advisory (CTA) firms, marketing and advertising the expertise of the principals is a central way to gain new clients and make more money.  This overview is for the CTA Expo 2009 program entitled Marketing for Small CTAs. [...]

Bart Mallon, Esq. (http://www.hedgefundlawblog.com) Private Equity Funds Not Excluded Today the House Financial Services Committee voted to require hedge fund managers to register with the Securities and Exchange Commission.  While private equity firms are also required to register under the proposed bill, managers to venture capital funds are excluded from [...]

Hedge Fund Due Diligence Firm Discusses “Agreed Upon Procedures” We’ve published a number of thoughtful pieces on this blog from Chris Addy, president and CEO of Castle Hall Alternatives (see, for example, article on Hedge Fund Operational Issues and Failures).  Today we are publishing a piece by Chris which discusses [...]

Futures Industry Association Annual Expo CFTC Chairman Gary Gensler today spoke at the Futures Industry Association’s annual expo in Chicago. While most of the Chairman’s speech  focused on the proposed regulation of the OTC derivatives markets, Chairman Gensler also discussed the recent SEC and CFTC Harmonization report. As you can [...]

SEC Brings Case Against Raj Rajaratnam Below is another case of a hedge fund manager who was alledgedly engaged in insider trading. The SEC seems particularly excited about this cased because of the high profile nature of the manager who was involved. The major charge is against Raj Rajaratnam who [...]

Commodity Trading Advisor Conference Next week there will be a conference for Commodity Trading Advisors held in Chicago at the Hotel Monaco.  The conference, entitled the CTA Expo 2009, will be held on Wednesday and will feature a variety of topics of interest to CTAs.  The agenda includes: Continental Breakfast [...]