Sun, Feb 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

U.S. SEC lifts 80-year old solicitation and advertising ban: hedge fund news, week 28

Monday, July 15, 2013

On Wednesday, the U.S. Securities and Exchange Commission voted to lift a ban on general solicitation and general advertising found in the Securities Act of 1933; the lifting drew positive reactions from market participants and industry insiders, while consumer groups expressed concern of possible fraud; it was said that hedge fund managers must identify the uniqueness of their portfolio now that they can advertise; some commentators said the move would only harm the greedy; the Hedge Fund Association approved the SEC’s decision and so did the Managed Funds Association; but others warned the new advertising rules could put CTAs at a disadvantage.

In the week-ending 12 July 2013, it was reported that Iguana Healthcare had raised $53.5m to launch a health IT- and life science-focused hedge fund; Ian Heslop is to run Old Mutual’s first Cayman-domiciled hedge fund; Tarpon Trading launched a currency trading program on Horton Point’s incubation platform; and the French regulator authorized Melanion Capital to launch the first hedge fund to focus on dividend futures.

Hedge funds posted their first average decline for 2013 in June, The HFR Index was down -1.3% (+3.59% YTD); The Lyx......................

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

No records found.

No records found.

No records found.