Fri, Feb 23, 2018
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. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  2. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  3. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac

  4. Low volatility funds fail to protect investors[more]

    From FT.com: A number of exchange traded funds (ETFs) designed to protect investors from sharp stock market gyrations lost more money than mainstream US stocks during a sell-off this month, underperforming in precisely the conditions in which they were meant to thrive. Low volatility ETFs, lau

  5. Legal - Hedge funds fight to save M&A arbitrage strategy, Fannie Mae and Freddie Mac ruling blow to hedge funds[more]

    Hedge funds fight to save M&A arbitrage strategy From FT.com: Hedge funds which use the US courts to wring higher prices for merger and acquisition deals are fighting to save the lucrative investment strategy, after a Delaware court ruling that threatens to shut it down. Verition Partner