http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html Blogging on hedge fund laws, starting a hedge fund, news and events... Thu, 05 Jan 2012 15:32:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-6748 California Requests Input on IA Exemption Changes — Hedge Fund Law Blog Fri, 22 Jul 2011 16:45:43 +0000 http://www.hedgefundlawblog.com/?p=693#comment-6748 [...] of private alternative investment funds, should the exemption apply exclusively to advisers to Section 3(c)(7) funds (i.e., not to Section 3(c)(1) funds)? 2.  Should all persons investing in a Section 3(c)(1) fund [...] [...] of private alternative investment funds, should the exemption apply exclusively to advisers to Section 3(c)(7) funds (i.e., not to Section 3(c)(1) funds)? 2.  Should all persons investing in a Section 3(c)(1) fund [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-5897 NASAA’s Proposed Model Rule to Exempt Private Fund Advisors from State Registration — Hedge Fund Law Blog Sun, 30 Jan 2011 22:35:39 +0000 http://www.hedgefundlawblog.com/?p=693#comment-5897 [...] One of the consequences of the Dodd-Frank Act is that federal and state jurisdiction over investment advisor firms will change.  In general, fund managers with less than $150 million in AUM will not be subject to registration with the SEC.*  While such managers will not be subject to SEC registration, they may be subject to investment adviser registration in the manager’s state of operation.  Laws from state to state on this issue differ widely but the North American Securities Administrator Association (NASAA) is trying to bring some continuity and certainty with respect to state registration requirements.  NASAA is proposing that states adopt regulations which requires private fund managers to register as investment advisers with the state unless that manager only provides advice to funds which are exempt under Section 3(c)(7). [...] [...] One of the consequences of the Dodd-Frank Act is that federal and state jurisdiction over investment advisor firms will change.  In general, fund managers with less than $150 million in AUM will not be subject to registration with the SEC.*  While such managers will not be subject to SEC registration, they may be subject to investment adviser registration in the manager’s state of operation.  Laws from state to state on this issue differ widely but the North American Securities Administrator Association (NASAA) is trying to bring some continuity and certainty with respect to state registration requirements.  NASAA is proposing that states adopt regulations which requires private fund managers to register as investment advisers with the state unless that manager only provides advice to funds which are exempt under Section 3(c)(7). [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-5724 Rule 202(a)(30)-1 – Foreign Private Adviser Definition — Hedge Fund Law Blog Sun, 12 Dec 2010 18:44:13 +0000 http://www.hedgefundlawblog.com/?p=693#comment-5724 [...] owner” (if the fund is a 3(c)(1) fund) or a “qualified purchaser” (if the fund is a 3(c)(7) fund).  With respect to any “client” or “investor,” the term “in the United States” [...] [...] owner” (if the fund is a 3(c)(1) fund) or a “qualified purchaser” (if the fund is a 3(c)(7) fund).  With respect to any “client” or “investor,” the term “in the United States” [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-5163 Important Hedge Fund Articles — Hedge Fund Law Blog Sat, 21 Aug 2010 22:35:23 +0000 http://www.hedgefundlawblog.com/?p=693#comment-5163 [...] Section 3(c)7 Hedge Funds [...] [...] Section 3(c)7 Hedge Funds [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-2822 Hedge Fund Investors Overview — Hedge Fund Law Blog Wed, 19 Aug 2009 18:15:43 +0000 http://www.hedgefundlawblog.com/?p=693#comment-2822 [...] Section 3(c)(7) hedge funds are open to qualified purchasers which is a higher threshold than the accredited investor or qualified client standard. A qualified purchaser is generally an individual investor with a $5 million dollar liquid net worth (cannot include the equity of the investor’s primary residence). [...] [...] Section 3(c)(7) hedge funds are open to qualified purchasers which is a higher threshold than the accredited investor or qualified client standard. A qualified purchaser is generally an individual investor with a $5 million dollar liquid net worth (cannot include the equity of the investor’s primary residence). [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-2222 | Hedge Fund Law Blog Sat, 16 May 2009 00:12:07 +0000 http://www.hedgefundlawblog.com/?p=693#comment-2222 [...] Generally qualified purchasers will qualify as QEPs and so hedge funds which are established as Section 3(c)(7) funds will be able to qualify for this [...] [...] Generally qualified purchasers will qualify as QEPs and so hedge funds which are established as Section 3(c)(7) funds will be able to qualify for this [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-477 Conversion of a 3(c)(1) hedge fund to a 3(c)(7) hedge fund | Hedge Fund Law Blog Fri, 31 Oct 2008 19:27:59 +0000 http://www.hedgefundlawblog.com/?p=693#comment-477 [...] Section 3(c)(7) Hedge Funds [...] [...] Section 3(c)(7) Hedge Funds [...]

]]> http://www.hedgefundlawblog.com/section-3c7-hedge-funds.html/comment-page-1#comment-451 Definition of a Hedge Fund and Hedge Fund Background Information | Hedge Fund Law Blog Thu, 30 Oct 2008 19:12:17 +0000 http://www.hedgefundlawblog.com/?p=693#comment-451 [...] Section 3(c)(7) Hedge Funds [...] [...] Section 3(c)(7) Hedge Funds [...]

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