Dodd-Frank.com

SEC Grandfathers Existing Advisory Arrangements for Private Equity Groups and Hedge Funds in New Proposed Rules

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The SEC has issued proposed rules regarding performance fees that can be charged by investment advisers.  As a result of changes to the Investment Advisers Act effected by the Dodd-Frank Act, many private equity sponsors and hedge fund advisers will be required to register with the SEC.  These fund advisors... Read More

Topics: Investment Advisers, Private Equity

SEC May Delay Registration Requirements for Private Equity Groups and Hedge Funds

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Robert Plaze, Associate Director of the SEC’s Division of Investment Management, recently sent a letter to the Deputy Securities Administrator, North Carolina Securities Division and the President, North American Securities Administrators Association, Inc. signaling a potential delay in registration requirements for private equity groups, hedge funds and investment advisers related... Read More

Topics: Investment Advisers, Private Equity

Registration with the SEC as an Investment Adviser — A Guide for Private Equity and Hedge Funds

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The Dodd-Frank Act provides an exemption for registration as an investment adviser for private equity groups and hedge funds that have assets under management of less than $150 million.  Investment advisers to funds which exceed that threshold will be required to register with the SEC as an investment adviser.  ... Read More

Topics: Investment Advisers, Private Equity

SEC Official States Compliance Examinations of Registered Advisers to Private Equity Funds Will Consider Conflicts of Interest and Offers Guidance on Use of Expert Networks

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In remarks before the IA Watch Annual IA Compliance Best Practices Seminar, Carlo V. di Florio, Director, Office of Compliance Inspections and Examinations, or the OCIE,  of the SEC, offered his views on some matters of import to private equity groups and hedge funds. Private Equity Groups and Conflicts of... Read More

Topics: Investment Advisers, Private Equity, Uncategorized

SEC and CFTC Propose Rules Regarding Reporting by Registered Investment Advisers to Hedge Funds and Private Equity Funds

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The SEC and CFTC have proposed joint rules regarding reporting by registered investment advisers to private funds and certain commodity pool operators, or CTOs, and commodity trading advisers, or CTAs, pursuant to Title IV of the Dodd-Frank Act.  Among other things,  the SEC defines the terms “hedge fund” and “private... Read More

Topics: Investment Advisers, Private Equity