Hedge Fund Blogs From HedgeCo.Net
Category Archives: hedge fund regulation
Hedge Fund Managers: AIFMD To Be Implemented on July 22
The Alternative Investment Fund Managers Directive (the “Directive”) will be implemented on July 22, 2013 and will impact the reporting requirements of alternative investment fund managers (“AIFMs”) covered by the Directive, including hedge funds based in the European Union as well as non-EU managers, including managers based in the United States. New York hedge fund law firm Sadis & Goldberg [...]
FinCEN Issues Notice and Request for Nominations to the Bank Secrecy Act Advisory Group (BSAAG)
FinCEN in inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group (BSAAG). New members will be selected for 3-year membership terms. Nominations must be received by February 15, 2013. More information is available on FinCEN’s Web site at the following link: http://www.fincen.gov/statutes_regs/frn/pdf/Fed_Reg_Notice_re_BSAAG_Applications_S.pdf .
Dodd-Frank Caused a Compliance Hiring Boom
Few Wall Street professionals were thrilled about the implementation of Dodd-Frank and other forms of regulation. But it seems to have been a blessing for those who specialize in compliance. “With Dodd-Frank, with the regulations that came out of that, and with the regulations that are coming out still, I’m seeing lots of hiring of CCOs and lots of other [...]
Hedge Fund Advertising is right around the corner… FINALLY!
Hedge Fund capital raisers rejoice! The SEC has finally proposed rules to eliminate the prohibition against general solicitation and general advertising in certain securities offerings in accordance with the JOBS Act. The SEC release states “Under the proposed rules, which are mandated by the Jumpstart Our Business Startups Act, companies would be permitted to use general solicitation and general advertising [...]
Will the JOBS Act Lead Employees from Goldman, Merrill, and Morgan to Launch Funds?
Many Wall Street experts think that the JOBS Act will change the hedge fund industry. According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, it could also lead to the consolidation of existing funds — and the creation of others. “It would not surprise me if you saw [...]
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 [...]
Conyers Dill & Pearman Expands Globally with 6 Lawyer Hires
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 [...]
Form PF Filing Dates Approaching for Registered Hedge Fund Advisers Managing $5 Billion or More of Private Fund Assets
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 [...]
Hedge Fund Compliance: Adviser SRO Begins To Take Shape
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 [...]
The Path to Success for Lawyers on Wall Street
When people think of jobs on Wall Street, they often imagine a bunch of accountants, analysts, stockbrokers, mathematicians and other brainy types. But not everyone in the financial sector follows the same path. There is more than enough room for people with other backgrounds — particularly lawyers. “If people want to go into this industry, there are a lot of [...]