State to Increase Regulation of Hedge Funds (www.hedgefundlawblog.com)  Connecticut, home of many of the biggest hedge funds in the world, may begin regulating hedge funds in a heavy handed manner.  Recently state lawmakers have introduced three bills (Raised Bill No. 953, Raised Bill No. 6477 and Raised Bill No. 6480) [...]

Recently I have received a few good hedge fund law questions.  Please remember that these answers are general discussions of the law and should not be a substitute for actual legal advice.  This discussion does not form an attorney-client relationship, please see our disclaimer. **** Question: [with reference to the [...]

Investors in Hedge Fund Won’t Need to Disclose Names and Addresses As we have discussed in many posts, Senators Grassley and Levin have introduced legislation which would require hedge funds to be regulated under the Investment Company Act.  The legislation would also require hedge fund managers to be registered as [...]

Hedge Fund Regulation May Include Rule 204-2 As we have discussed, hedge fund regulation legislation has been introduced as the Hedge Fund Transparency Act.  This legislation calls for hedge funds to maintain such books and records that the SEC would require.  It is likely that the books and records required [...]

Hedge Fund Transparency Act of 2009 Overview This article provides an overview of the major provisions of the Hedge Fund Transparency Act of 2009.  There are two major things that the HFTA does: (1) increases regulation of hedge funds under the Investment Company Act and (2) requires hedge funds to [...]

Below is the actual text of the Hedge Fund Transparency Act.  (For the bill with page and line numbers please see: Hedge Fund Transparency Act (pdf)). **** 111TH CONGRESS 1ST SESSION S. To require hedge funds to register with the Securities and Exchange Commission, and for other purposes. IN THE [...]

Senators Grassley and Levin Introduced Bill Requiring Hedge Fund Registration A new bill called the Hedge Fund Transparency Act was introduced today by Senators Chuck Grassley and Carl Levin.  A press release from Grassley’s website explains the bill. More to be forthcoming… **** For Immediate Release January 29, 2009 Grassley [...]