Hedge Fund Blogs From HedgeCo.Net

Category Archives: Not Categorized

SEC Won’t Allow Access Persons to Exclude All Third-Party Investment Accounts from Code of Ethics Reporting

The staff of the SEC’s Division of Investment Management has warned that delegating investment discretion over a personal account does not by itself exempt the account from Code of Ethics reporting.  To ensure that the access person does not have “direct or indirect influence or control,” the adviser must also adopt policies and procedures that (i) reviews holdings reports for […]

New HIV Self-Injectable Drug Receives Green Light From FDA For Phase 3 Clinical Trials – PRO 140 Could Get Fast-Track FDA Approval

By David Drake HIV has plagued the United States women and children alike for the last few decades. I never thought we would actually see a potential antidote to permanently suppress or even eradicate HIV (Human Immunodeficiency Virus) in my lifetime. That is until I came across a new biotech company that has developed the first self-administered, injectable antibody for […]

SEC Judge Says RIAs Can and Should Rely on Compliance Consultants

As SEC Administrative Law Judge has ruled that an investment adviser’s reasonable reliance on an outside compliance consulting firm precluded a finding of scienter (intent to deceive) and dismissed charges that the firm failed to adequately disclose revenue sharing compensation.  The ALJ noted that the firm engaged expert compliance consulting firms to assist it with Form ADV’s subjective disclosure requirements […]

Judge Rules Against SEC

Dear Friends, Today, a federal judge ruled that the SEC’s use of an in-house judge tribunal was “likely unconstitutional.” Rather than sending cases to federal court, the SEC has increasingly used its administrative judge tribunal to decide cases. U.S. District Court Judge Leigh Martin May temporarily postponed an SEC insider-trading case against a real estate developer, stating that the use of the […]

FINRA Proposes to Relax Some Advertising Rules for Funds and Robos 

FINRA has proposed amendments to its advertising rules that will help fund companies and robo-advisers.  For fund companies, the proposed amendments would (i) eliminate the filing requirement for the manager’s discussion of fund performance in shareholder reports, (ii) relieve firms from having to include backup materials when filing a retail communication that includes fund performance rankings, and (iii) allow firms […]

Leviathan of Nano Metal Powders and 3D & 4D Printing

By David Drake     He looked at me with his penetrating gaze, through his gold rimmed glasses, as he removed his cigar from his mouth, puffed the smoke into the air, and said with a hybrid, English accent,  ‘One of the rare privileges we have in Canada is the ability to smoke a good Havana, legally.’   Kamran M. Khozan […]

4D Printing: How to Disrupt the Disruptive 3D Printing Technology

By David Drake   Even before people can fully comprehend the impact of  3D printing technology, 4D printing is poised to further revolutionize this disruptive technology. 3D printing did not only disrupt the printing industry but several other industries as well,  inclusive of the manufacturing and construction sectors. Now in its embryonic stage, 4D printing is a dimension above and […]

SEC Chair Announces New Initiatives

December 12, 2014 Dear Friends, SEC Chair Mary Jo White announced that the SEC staff are developing recommendations for a set of “proactive initiatives” covering three core areas:       Data Reporting Standardized Reporting for Derivatives Enhanced Data Collection on Separately Managed Accounts Reporting of Securities Lending by Funds       Transition Planning and Stress Testing Requirement for Investment Advisers to Develop […]

The 100 Most Influential People In Finance

Finance and lifestyle magazine for high net worth readers, Worth, has published its annual list of the 100 most powerful people in finance in its October/November 2014 issue. Highlights from the Worth Power 100 are below: The Top 10 #1 – Preet Bharara, U.S. Attorney for the Southern District of New York (+6 spots from 2013) #2 – Janet Yellen, […]

Matt Okolita to Participate in ALE-CLE Webinar on September 23, 2014

September 5, 2014 Dear Friends, On September 23, 2014, 12:30- 1:30pm EST, CounselWorks Managing Director, Matt Okolita, will be featured in an ALI-CLE phone seminar/audio webcast on Best Practices for Allocating and Disclosing Management Fees of Private Equity Fund Advisers. As we mentioned earlier this year, the SEC is focusing on private equity managers’ fees and expenses and how they […]