Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Hedge Fund Association submits comment letter to SEC, advocating expanded accredited investor qualifications and broader advertising

Thursday, September 26, 2019
Opalesque Industry Update - The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organization, is proud to advocate for expanded accredited investor qualifications and broader advertising, via submission of Comment Letter to SEC regarding harmonization of securities offering exemptions including Rules 506(b) and 506(c).

"We applaud the SEC's efforts to harmonize the many rules and regulations exempting securities offering from registration and advocate for changes enabling smaller issuers to broaden the investor base when raising capital in the United States," said Michael Tannenbaum, HFA Regulatory & Government Committee Chair.

"Specifically, HFA supports an expansion of the accredited investor pool to include knowledgeable investors with substantial industry experience."

In addition, "HFA proudly supports Rule 506(c) of Regulation D permitting issuers to broadly solicit and generally advertise an offering subject to certain provisions satisfied, and we foresee that it will be more readily used by our members as it becomes more understood by them and their respective advisors," noted Jim Van Horn, of HFA's Regulatory & Government Committee.

The Hedge Fund Association (HFA) is an international non-profit industry trade and nonpartisan lobbying organization devoted to advancing transparency, development and trust in alternative investments. HFA's global presence spans 5 continents and over 16 countries.

Membership in HFA includes hedge fund firms, financial institutions, funds of hedge funds, family offices, public and private pension funds, endowments and foundations, high net worth individuals, allocators, and service providers including prime brokers, administrators, custodians, auditors, lawyers, risk managers, technologists and third party marketers.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1