Posts tagged as:

hedge fund investment adviser

Hedge Fund Investment Adviser Insurance

November 5, 2009

E&O or D&O Insurance For Registered Investment Advisers
Yesterday I had the opportunity to talk with an insurance broker whose business focuses on providing insurance to registered investment advisers and hedge fund managers.  This article is based on that conversation.
Insurance Premiums for Small Funds
For smaller funds (say less than $100 million in AUM) with no operational [...]

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Net Capital Requirement for State Registered Hedge Fund Managers

July 6, 2009

Overview of Net Capital Requirement and Bond Alternative
Hedge fund managers who need to register as investment advisors in their state of residence often have to deal with the net capital requirement issue.  Usually there will be two separate net capital requirements for the investment advisor (meaning the fund’s management company) depending on the nature of [...]

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Form U4 and Form U5 Amendments

June 16, 2009

NASAA Requests Comments on Proposed Changes
Form U4 is the form used by Investment Advisory firms to register investment advisor representatives with their firm.  It is also used by broker-dealers to register reps with their firms.  Form U5 is used by both IA and BD firms to terminate a representative’s employment with such firm.  While I [...]

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Hedge Fund Due Diligence Firm Drops Ball, Receives Fine

April 26, 2009

In what represents an unbelievable screw-up, professed hedge fund due diligence firm Hennessee Group was charged by the SEC with not performing the due diligence it supposedly provided to hedge fund investors who used their services.  According to the SEC Administrative Order, Henessee did not perform certain key elements of the due diligence process which [...]

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California Investment Advisor Exemption for Certain Hedge Fund Managers

November 20, 2008

In the article Connecticut Hedge Fund Registration Exemption, we discussed that certain states like Connecticut provide administrative orders allowing hedge fund managers an exemption from the registration provisions under certain circumstances.
Similarly certain states have provided a similar exemption to hedge fund managers through the securities commission rule making process.  For example, California Rule 260.204.9 provides [...]

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