Tue, Jun 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Public relations professionals weigh in on JOBS Act changes for hedge funds

Thursday, September 13, 2012

Bailey McCann, Opalesque New York: This year, the US Congress passed the Jumpstart Our Business Startups (JOBS) Act, which directed the Securities and Exchange Commission (SEC) to change a previous rule that prohibited hedge funds from advertising. Since then the SEC has been working through a rulemaking process, which is now open to public comment from industry professionals, in order to finalize new more open rules about how hedge funds can speak about their products.

Richard Dukas, President and CEO of Dukas Public Relations recently sent in a comment letter to the SEC about what these rules may mean for hedge funds.

in the letter, he notes that if hedge fund managers are able to more freely communicate with the public and the media, it may lead to a better understanding of the industry, along with an ability for managers to correct the record if misinformation is published. Dukas PR represents a variety of hedge fund clients, but Richard notes that a significant number of managers have opted to forgo a public relations staffer and indeed most public communication out of fear of getting questioned by regulators.

"I think advertising is the wrong word to use when discussing these rules. Managers hear prohibition on advertising and they think its a prohibition on all public communications and ......................

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. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv