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Open Categories Menu Overview of Side Pockets In general hedge fund side pocket investments are illiquid investments which the hedge fund manager places into a side pocket account. Mechanically the side pocket account is simply an entry on the hedge fund’s books which is tracked separate from the liquid, non side pocket investments. [...]
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Posts Tagged ‘ PIPE ’
21 October
Posted in
Hedge Fund Structure
Hedge Fund PIPE Transactions
What are PIPE transactions? The SEC has defined a PIPE transaction as follows: “PIPE” stands for “private investment in public equity.” In a PIPE offering, investors commit to purchase a certain number of restricted shares from a company at a specified price. The company agrees, in turn, to file a [...]
21 October
Posted in
News and Commentary, Regulatory Actions
Hedge Fund Analyst Fined for Insider PIPE Trading
According to a SEC litigation release, a hedge fund analyst was fined $317,000 for engaging in insider trading with regard to a PIPE investment. PIPE transactions are subject to close scrutiny from the SEC. In this instance the fund which the analyst worked for established a short position in a [...]
