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Open Categories Menu Today we received an email reminder from the Massachusetts Securities Division with respect to investment adviser minimum financial requirements. Essentially hedge fund managers registered as investment advisers with Massachusetts will either need to (i) post a $10,000 surety bond or (ii) establish a separate account with $10,000 and maintain a positve net worth. Managers [...]
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Posts Tagged ‘ RIA ’
31 October
Posted in
Investment Advisor
Hedge Fund Performance Fee Issues for State Registered Investment Advisors
One of the problems with the securities laws in the United States is that there are two levels of rules to be cognizant of at any single time – the federal rules and the state level rules. For hedge fund managers that are registered as investment advisors with the SEC, [...]
26 October
Posted in
News and Commentary, Press Releases
DOL Sues Investment Adviser for Receiving Undisclosed Fees from Hedge Fund
The case below provides a great example of why registered investment advisors and hedge funds need to have competent legal counsel advising them on all aspects and arrangements of their business. Basically a registered investment advisor (RIA) had a selling arrangement with a hedge fund where the RIA would receive [...]
