The securities laws can be written obtusely and the definition of a qualified eligible person (QEP) may be one of the best examples of this. There is no quick and easy definition of a what a QEP is so we are trying to make it as easy as possible to [...]
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Posts Tagged ‘ CPO exemption ’
15 May
Posted in
Hedge Fund Structure, Legal Resources
CPO Exemption for Fund of Hedge Funds
As we have discussed previously, if a hedge fund manager invests fund assets in commodity interests (including futures), then the manager will generally need to be registered as a commodity pool operator (CPO) with the Commodity Futures Trading Commission (CFTC). The registration requirement also applies to fund of fund (FOF) [...]
6 October
Posted in
Hedge Fund Structure, Legal Resources
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Hedge Fund CPO Exemptions
As I’ve detailed before, under the Commodities Exchange Act (CEA), hedge funds which invest in commodities/ futures or in other hedge funds which invest in commodities/ futures are deemed to be commodity pools. The managers of these commodity pools will need to be registered as commodity pool operators (CPOs) unless [...]