Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: New, massive, burdensome regulation is on the way, and the battle for experienced first rate compliance talent has started...or has it?

Thursday, June 18, 2009

The article was written by David Claypoole, principal of Parks Legal Placement in Summit, NJ.

As an executive recruiter focused narrowly on the legal and compliance needs of alternative asset managers, I expected to see an uptick in the demand for compliance professionals at funds towards the end of the first quarter of this year with the waning of the redemption cycle.

For some time, politicians and regulators have pegged hedge funds and private equity funds as significant contributors to the financial crisis. Even prior to the events of earlier this week which saw Senate Banking Subcommittee Chairman Jack Reed introduce a bill that would require all advisors to private pools of capital to register with the SEC and the President call for a massive overhaul of the regulatory structure which will subject nearly everyone with as much as a piggybank to expanded regulations, the writing was on the wall: New, Massive, Burdensome Regulation is on the Way!

The additional regulation will undoubtedly be accompanied by increased surveillance, examination and investigation by regulators and law enforcement. The SEC is unlikely to soon forget the very public beating it took at the hands of Bernie Madoff and will almost certainly be looking for someone to punch, most likely a high profile hedge or private equity fund. So why haven’t the managers of private funds begun to address the inevitable regulatory onslaugh......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo