SEC Proposed Rule 203(l)-1 under Investment Advisers Act The SEC has proposed certain new rules as well as amendments to existing rules under the Investment Advisers Act as a result of the Dodd-Frank Act. New Advisers Act Section 203(l) provides an exemption from registration with the SEC to those groups [...]

Venture Capital Funds May Not Have to Register with Hedge Funds While hedge funds have reluctantly resigned to the likely fate of SEC registration (see MFA Supports Registration), the venture capital community has been fighting hard to remain unregistered.  On this front, the VC community enjoyed a victory last week [...]

Bart Mallon, Esq. http://www.hedgefundlawblog.com Treasury Announces New “Private Fund Investment Advisers Registration Act of 2009” After much discussion in the press over the last 8 to 10 months abut the possibility for hedge fund registration, the Treasury today announced the Obama Administration’s bill which requires managers to “private funds” to [...]

New Investment Fund Focuses on Tech Start Ups New Trend Emerges in Silicon Valley The first quarter of 2009 marked the lowest level of investment since 1997, according to the National Venture Capital Associates.  The Venture industry in particular has suffered as the number of IPOs and acquisitions has plummeted.   [...]