Sun, Aug 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Regulatory roundup: Current U.S. law, commodities, tax developments affecting hedge funds

Monday, March 15, 2010

Benedicte Gravrand, Opalesque London:

The following information was given out at a seminar in London last week organised by Katten Muchin Rosenman LLP, a U.S. law firm with an affiliate in London that specialises in corporate, financial services, litigation, real estate, commercial finance, intellectual property and trusts and estates.

U.S. regulatory structure and current legislative developments affecting hedge funds and proprietary firms

The current U.S. regulatory structure for hedge funds and proprietary trading firms includes:

I - Investment Company Act of 1940 - requires non-exempt investment companies to register with the SEC.

II - Commodity Exchange Act - requires non-exempt operators and advisory commodity pools to register.

III - Investment Advisers Act of 1940 - requires non-exempt advisers to register with the SEC.

IV - Securities Exchange Act of 1934 - requires registration of non-exempt broker-dealers (note: some hedge funds form a "captive" broker-dealer status for marketing purposes.)

V - Securities Act 1933 - requires registration of non-exempt securities that are offered to the public. Most hedge funds rely on the private placement exemption in connection with the offering of interests in the fund (and marketing must comply with Reg D).

Current U.S. securities law developments

......................

To view our full article Click here

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new