Below is our quarterly newsletter.  If you would like to be added to our distribution list, please contact us. **** April 1, 2010 www.colefrieman.com Cole-Frieman &  Mallon LLP Quarterly Newsletter Clients and Friends, We take this opportunity to provide you with a brief overview of the major items we have [...]

Obama Health Care Bill Increases Capital Gains Rate to 23.8% According the this story by Bloomberg, the tax on dividends and long term capital gains under the Obama Health Care Bill will spike to 23.8% when the tax increases are fully implemented.  The article states: Obama’s budget proposes to allow [...]

Hedge fund databases are online databases that collect and publish information and performance results from hedge fund managers who list their fund.  Usually these databases are open to accredited investors who subscribe to the website. Aside from providing basic information on the hedge fund, including the name of the fund, [...]

Series 63, Series 65 and Series 66 Changed as of January 1, 2010 In an earlier post, we discussed that the passing grades for the Series 65 and 66 have increased.  Below is further information from the Securities Training Corporation on the changes to the securities exams in 2010. **** [...]

Importance of Brand Identity Emphasized in Recent White Paper There has been a clear trend over the last 12-18 months for hedge funds to focus on a number of operational issues in order to become more attractive to institutional investors.  While much of focus has been on the risk management [...]

Movie on Traders to be Screened in San Francisco On January 28 the San Francisco investment management community will come together to watch the movie “FLOORED” which documents the issues facing floor traders as the industry continues its march away from traditional floor trading.  Please see the release below for [...]

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 [...]

Alternative Hedge Fund Compensation Structure At the very beginning of this year there was much discussion about the hedge fund compensation structure in light of the horrible returns from 2008.  Many funds lost money but managers aren’t typically subject to the same types of clawback provisions as private equity fund [...]

Below are a list of some of the news stories which caught my attention this week. **** Hedge Fund Carried Interest Tax “Loophole” Repeal? – the hedge fund carried interest “loophole” is again being discussed as a potential issue to be addressed by Congress before the end of the year.  [...]

Secondary Hedge Fund Market Poses Issues for Fund Managers Recently there have been a number of groups springing up to provide a secondary hedge fund market.  While such platforms provide investors with a potential avenue to get out of their illiquid investment (the investment in the fund may be illiquid [...]