Mon, Sep 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

As hedge fund startups grow, the SEC takes a closer look

Monday, July 02, 2018

Hedge fund startups continue to grow at a rapid pace and the SEC is taking notice. In June, the regulator brought an enforcement action against several investment advisers that weren't filing Form PF. While the action was an obvious response to broken rules, it was also a warning shot to funds that were filing late, according to compliance consultant Optima Partners.

"What we're seeing is that the SEC is looking very closely at what I'd call the blocking and tackling of compliance," Alan Halfenger, a partner at Optima Partners tells New Managers. "They want to see that there is a compliance infrastructure in place, whether it's with a third party or in-house. What that enforcement action you saw them target a lot of guys who were failing gym and now, they're in summer school. But it was also a clear statement to late filers that they are coming for them next."

The SEC uses Form PF data to monitor industry trends, inform rulemaking, identify compliance risks, and target examinations and enforcement investigations. It also provides Form PF data to the Financial Stability Oversight Council to help it evaluate systemic risks posed by hedge funds and other private funds.

According to Halfenger, despite rules governing regular reporting on the part of investment managers, many startup firms are still falling behind. He says the industry is still on a spectrum of maturity with ......................

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. The incredible shrinking hedge fund, For hedge fund stars, being right in 2008 proved to be a curse[more]

    The incredible shrinking hedge fund From Bloomberg: You'd be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn't so rosy.

  2. SWF: Saudi Arabia's sovereign wealth fund raises $11bn loan with 15 banks[more]

    From Reuters: Saudi Arabia's sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news website reported on Tuesday, citing unnamed sources. A source with direct knowledge of the matter told Reuters last month that the Public Investment Fund (PIF) will p

  3. Hedge fund billionaire spells out America's worst nightmare, Sir Michael Hintze: Response to global financial crisis elevated populism[more]

    Hedge fund billionaire spells out America's worst nightmare From SMH: Billionaire hedge fund manager Ray Dalio effectively spelled out what doomsday looks like for the US on live television. The founder of Bridgewater Associates predicted the US economy is about two years from a downtur

  4. Lehman's carcass has handed huge profits to distressed funds[more]

    From Bloomberg: It was a bold move: buy at Lehman Brothers's darkest hour. But a decade after Lehman's collapse, a handful of hedge funds that bought up the bank's debt for pennies on the dollar have made even more money than seemed possible. More than $124.6 billion has flowed to Lehman credi

  5. 2008 Crisis Review: Kehoe: Hedge funds better off now than pre-crisis, Zombie hedge fund stakes haunt investors a decade after Lehman, Most of the 'big shorts,' who thrived during the financial crisis, have faltered since 2008, The financial crisis killed hedge-fund performance[more]

    Kehoe: Hedge funds better off now than pre-crisis From Bloomberg: Investors are in a better position today than prior to the financial crisis in terms of the liquidity that is available, according to Tom Kehoe, Global Head of Research at AIMA. Elaborating on a new report regarding he