Tue, Jul 16, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Harvard Professor Laurence Tribe to argue on behalf of hedge funds in Bulldog appeal on January 6, 2011

Tuesday, December 21, 2010

From Kirsten Bischoff, Opalesque New York:

Phil Goldstein and his partners at NJ-based value manager Bulldog Investors have been fighting for first amendment rights for hedge funds for almost four years. On January 6th 2011 , oral arguments for the team's appeal arguing that it is unconstitutional to require hedge fund managers to require unsolicited website visitors to prove their eligibility as qualified investors before receiving fund information. In Goldstein's own words "We are simply saying a law that requires an unsolicited website visitor to prove he is eligible to invest in a hedge fund, i.e., rich, in order to get information about the hedge fund, is unconstitutional. (It is also silly, similar to prohibiting someone from window-shopping at Tiffany's unless he can first prove that he can afford to buy the jewelry on display.)"

The team has been continually appealing decisions that have gone against them, and so for the January 6th appeal, Goldstein announced on Monday that Harvard University Professor Laurence Tribe has agreed to argue that "both hedge fund managers and readers who are not wealthy have the same free speech rights that the First Amendment guarantees to all Americans."

The argument on January 6th is open to the public and the press and will also be available via webcast at this site: Source.......................

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. Crypto: U.S. market regulator issues guidance on custody of digital asset securities, Bitcoin's stunning growth makes it investable, admits legendary hedge fund manager, Institutional investments rise with bitcoin volatility. Wait, what?, Can blockchain build a better bank? Experts weigh in - The Ledger, Cryptocurrency startups get partial green light from Washington, Facebook's Libra cryptocurrency faces more backlash, China's central bank developing own digital currency in response to Libra[more]

    U.S. market regulator issues guidance on custody of digital asset securities From Reuters: The U.S. Securities and Exchange Commission (SEC) on Monday issued a notice on broker-dealer custody of digital asset securities, amid industry requests for clarity on whether they can hold such a

  2. PE/VC: Burger King in China and Turkey attracts private equity buyers, China's VC market is said to enter a downturn, VC industry makes slow progress on diversity[more]

    Burger King in China and Turkey attracts private equity buyers From Finance Asia: The world's largest franchisee of the fast-food chain outside the US is on the block. One wealthy Turkish family holds the key to a successful sale. Burger King is back up for sale in China and Turkey

  3. Hedge funds post best first half in decade, Viking Global funds surge, Blue Harbour's double windfall[more]

    Hedge funds post best first half in decade From Bloomberg: Hedge funds reported the best first half since 2009 as equity managers capitalized on the surge in stocks. Funds rose 5.7% from January through June, according to Hedge Fund Research Inc.'s asset-weighted index of managers. Equi

  4. Private real estate fundraising nosedives in 2Q 2019, hitting a five-year low[more]

    Laxman Pai, Opalesque Asia: Private real estate fundraising decreased significantly in Q2 2019 from the previous quarter, hitting a five-year low, Preqin said in its quarterly update on real estate. Forty-seven funds reached a final close, raising just $29bn, which marks a sharp decrease fro

  5. Regulatory: SEC reforms open door to BDC market shakeup, Regulatory rollback: First set of Volcker Rule reforms finalized[more]

    SEC reforms open door to BDC market shakeup From Reuters: The US Securities and Exchange Commission's (SEC) fund of funds proposals potentially open the door to a shakeup in the Business Development Company (BDC) market. Under the existing guidelines, regulated funds are prohibited from