Offshore hedge fund law firm Conyers Dill & Pearman have hired a litigation lawyer in the Cayman Islands and five corporate lawyers across its Mauritius, Moscow, British Virgin Islands and Hong Kong offices, as the firm continues to strengthen its global practices. Ben Hobden joins Conyers’ Cayman Islands litigation team, while the firm has hired Ashvan Luckraz in Mauritius, Alexandra […]
Hedge fund law firm Holland & Knight reports: On October 26, 2011, the Securities and Exchange Commission (the “SEC”) adopted Rule 204(b)-l under the Investment Advisers Act of 1940 (the “Advisers Act”) to require SEC registered investment advisers (“RIAs”) that advise more than $150 million in regulatory assets under management (“AUM”) in private funds to periodically complete and file the […]
The Investment Adviser Oversight Act of 2012 (HR 4624) was introduced yesterday in Congress, according to FrontLine Compliance. The bill provides for the formation of a registered national investment adviser association which would serve as an advisory industry SRO. In summary, the bill calls for the following: The creation of an advisory industry SRO with full rule-making and examination authority […]
It finally happened. The powers that be in the hedge fund world have convinced Congress, the Senate, and in a few days, the President of the United States that by allowing hedge funds to advertise, hedge funds will in turn create jobs. Pure Genius. We knew hedgies were smart, so to give elected officials hope that something, anything, will create […]
This guest blog entry was submitted to us by McGladrey & Pullen financial services Once again the onus has been put on the financial community to be the eyes, ears and to a lesser extent an enforcement arm for various governmental agencies with respect to foreign investment by US persons and entities. Faced with the prospect that the previously announced mandatory […]
Private fund adviser registration is here, meaning a whole new world of compliance risk has become a reality. Successful registration means more than just filling out a form and the March 2012 deadline is fast approaching. Remember, in order to be registered by the deadline, you must file by February. If you haven’t already taken the steps necessary to protect your […]
Will the JOBS Act Transform the Hedge Fund Industry?
There has been a lot of chatter surrounding the JOBS (Jumpstart Our Business Startups) Act and its inevitable impact on the job market. But what impact, if any, will it have on the hedge fund industry? “For more than 60 years, hedge funds have never been allowed to advertise,” said Mitch Ackles, President of the Hedge Fund Association and CEO […]