Tue, Jun 25, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

When the SEC calls, fund managers need to get out of their own way

Wednesday, September 02, 2015

Bailey McCann, Opalesque New York:

New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements.

Citi one of the biggest players in the hedge fund space had to pay a $180 million fine as part of a settlement over two hedge funds that ended up going out of business during the crisis. On the private equity side, mega-firms like KKR are now faced with settlement fines for failing to be transparent about fees and overcharging investors. All of this is unlikely to cool off anytime soon.

Opalesque spoke with Ron Geffner a former SEC attorney, and now Partner at Sadis and Goldberg about what investment managers can do if they find themselves subject to an SEC violation. He says one of the biggest things for managers to remember is that they need to get out of their own way.

"In the event of a notice from the SEC, managers should see their outside counsel immediately, and they should also engage the in-house compliance and risk teams to make sure everyone is on the same page."

Geffner and his partners have noticed how the SEC is becoming ......................

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. New Launches: Hedge fund Cheyne raises $1.12bn for stressed loan fund, Private equity groups prepare to unleash mega funds, TCV, Warburg veterans launch new growth equity firm Farview, Carlyle closes European real estate fund at $604m, Consumer brand-focused H Ventures registering two new funds, Catalys Pacific targets $100m for first VC healthcare fund[more]

    Hedge fund Cheyne raises $1.12bn for stressed loan fund From FT: London-based hedge fund Cheyne Capital has raised €1bn ($1.12bn) for a new fund that will aim to profit from European banks selling down their loan portfolios to meet new accounting and regulatory standards. The

  2. PE/VC: The myth of private equity: Funds struggle to beat the market[more]

    From Guru Focus: Private equity is a glitzy industry, but does it actually beat the market? The data suggests it does not. In an October 2018 episode of "Talks at Google," former fund manager and academic Jeffrey Hooke explained why the sheen has come off of private equity in the last decade. A

  3. News Briefs: Fixing the Sharpe ratio: A machine learning approach, Sotheby's snapped up by French tycoon Drahi for $3.7bn, SALT announces its signature global thought leadership conference in Abu Dhabi, UAE[more]

    Fixing the Sharpe ratio: A machine learning approach From All About Alpha: The Sharpe ratio has long served as a simple but important item in the due diligence tool kit. Formulated by William F. Sharpe in 1966 and first called the "reward to variability" ratio, the number arises from a

  4. New Launches: Private-equity firms are raising bigger and bigger funds. They often don't deliver, Adams Street Partners closes sixth global secondary fund at $1.05bn, Cathay Capital's venture affiliate seeks $560m for latest fund, Kempen raises $134m in second closing for latest fund, Amethis hard-closes Pan-African fund after surpassing $336m target, Access Capital hits $461m first close for European FoF[more]

    Private-equity firms are raising bigger and bigger funds. They often don't deliver. Blackstone Group is in the final stretch of raising what would be the largest private-equity fund ever. Big funds, however, don't necessarily translate into big returns. The private-equity gia

  5. Investing: Paul Tudor Jones likely made a killing off a timely call last week to buy gold and stocks, Equity-market cycle should continue, with spikes in volatility[more]

    Paul Tudor Jones likely made a killing off a timely call last week to buy gold and stocks From Market Watch: Billionaire investor Paul Tudor Jones must be rolling in bullion right now. The famed hedge-fund investor made a notable call last week, citing a cocktail of a dovish Federal Res