Revocation of Investment Adviser License & Disgorgement of Profits Managers are becoming more aware of the various securities laws and compliance issues involved with the use of expert networks.  While the SEC has recently been active in this area (both in the RR insider trading complaint and the recent expert network action), [...]

SEC Provides Guidance on ADV Part 2 Many SEC and state registered investment advisers have completed the new Form ADV 2 as part of the annual updating amendment.*  The SEC recently published guidance with respect to certain aspects of the new form.  The question and answer style guidance deals with [...]

As of the date we published this list of important hedge fund articles, the Hedge Fund Law Blog has over 600 posts.  In order to highlight some of the more important items on this website we have created the following list of articles which we think will be useful for [...]

As has been widely reported, the Senate passed the Financial Reform Bill setting the stage for President Obama to sign the bill within the next week.  With respect to investment advisors, one of the central items is the private equity and hedge fund registration requirement.  We will be reporting further [...]

Investment Advisers Act Rule 206 (4)-5 Today the SEC approved new Rule 206 (4)-5 under the Investment Advisers Act of 1940 which prohibits investment advisers from making political contributions in certain situations.  The new rule has three essential elements: Investment advisory firms and employees are prohibited from managing assets for [...]

The following are various hedge fund events happening this month.  Please email us if you would like us to add your event to this list. **** July 1 Sponsor: Catalyst Financial Partners Event: Cap Intro: Macro Emerging Markets Alternative Investing Location: New York, NY July 6-7 Sponsor: Green Power Conferences [...]

Adviser Registration, Accredited Investors, Carried Interest, Insider Trading, Cap and Trade Below are some thoughts on some of the major issues over the last couple of weeks. Have a great Memorial Day Weekend! **** Hedge Fund Regulation and Registration – While the Private Fund Investment Advisers Registration Act of 2010 [...]

Full Text of PFIARA of 2010 (requiring Hedge Fund Registration) The following is the full text of the Private Fund Investment Advisers Registration Act of 2010 which was part of the recently passed Senate financial regulation bill.  The central part of this act eliminates the Section 203(b)(3) exemption for registration for [...]

Gala Event Brings Hedge Fund Community Together to Help Children The 9th Annual San Francisco Open Your Heart to the Children Benefit will take place at The Bently Reserve in San Francisco on April 28, 2010 from 4:30 p.m. to 9 p.m. The event will raise money for charities dedicated [...]

The Bay Area Hedge Fund Roundtable is hosting an event next week.  We have reprinted the information below. **** Bay Area Hedge Fund Roundtable presents: Reasonable Expectations: Capitalizing On Secular Stock Market Cycles Featuring: Ed Easterling Author of Unexpected Returns and Investment Manager Ed Easterling is the founder and President [...]