Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Compliance burden for investment managers to private funds has increased two years since the Dodd-Frank Act

Tuesday, October 16, 2012

From Komfie Manalo, Opalesque Asia:

The compliance burden for investment managers to private funds has increased substantially in the more than two years since the enactment of the Dodd-Frank Act, said international law firm Akin Gump Straus Hauer & Feld.

In its Special Report it disclosed that many private fund managers have registered with the Securities and Exchange Commission. In addition to implementing compliance programs, fund managers must disclose information relating to each of their funds in a standardized question and answer format (i.e., Form ADV Part 1), a narrative brochure that describes the risks of the funds and potential conflicts of interest (i.e., Form ADV Part 2), and a lengthy and confidential report of the systemic risk posed by the funds that the manager manages (i.e., Form PF).

The law firm commented, "Even investment advisers that are exempt from registration under new exemptions from registration added by the Dodd-Frank Act are required to publicly disclose limited information in a filing with the SEC. Also, the SEC staff is beginning the process of examining the newly registered advisers and other advisers over the next year and a half to two years, and all registered inves......................

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style