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Category Archives: Hedge Fund Regulation

SEC Issues Risk Alert For Hedge Fund Advisers

New York (HedgeCo.Net) – The SEC’s Office of Compliance Inspections and Examinations (OCIE) has issued a 10 page Risk Alert (pdf) on the due diligence processes that investment advisers use when they recommend or place clients’ assets in alternative investments […]

Oppenheimer Fund Manager Agrees to Settle Fraud Charges

New York (HedgeCo.Net) – Former Oppenheimer & Co. portfolio manager has agreed to be barred from the securities industry and pay a $100,000 penalty for making misrepresentations about the valuation of a fund consisting of other private equity funds. Last year, […]

Iceland Prime Minister Not Interested In Hedge Fund Losses

New York (HedgeCo.Net) – The government in Iceland is still refusing to speak to the hedge funds and other creditors that are trying to get their claims paid out. Bloomberg reports. Kaupthing Bank, Glitnir Bank and Landsbanki Islands defaulted on […]

Hedge Fund Regulation: Banks Get CDO Exception To Volcker Rule

New York (HedgeCo.Net) – The SEC and other federal regulars yesterday approved a rule allowing banking entities to hold on to certain CDOs. Reuters reports that this would be the first “tweak” to the new legislation known as the “Volcker rule,” […]

The SEC’s 2014 Hedge Fund Examination Priorities

New York (HedgeCo.Net) – The SEC has published its 2014 NEP examination priorities for hedge funds, private equity funds, investment advisers and other self-regulated organizations. Priorities specific to hedge funds: Annual exams mandated by the Dodd-Frank Act; The NEP will continue its […]

JP Morgan Pays $1.7 Billion To Put Off Fraud Charges

New York (HedgeCo.net) – In as settlement that defers criminal charges against JP Morgan until 2016, a US Judge has agreed to settle for a fine of $1.7 billion, Reuters reports. JP Morgan was being charged by the prosecution for […]

Hedge Fund Regulation: SEC Names New Chief of Complex Financial Instruments Enforcement Unit

New York (HedgeCo.net) – The SEC today announced that Michael J. Osnato, Jr. has been named chief of the Enforcement Division unit that conducts investigations into complex financial instruments. “I am honored and gratified to have this opportunity to lead […]

Hedge Fund Regulation: Banks Want CDO Exception To Volcker Rule

New York (HedgeCo.Net) – The SEC and other federal regulars are reviewing whether or not certain CDOs backed by trust preferred securities should be subjected to new regulation under the final Volcker rules. Reuters reports that this would be the […]

Hedge Fund Regulation: Final Implementation Of The Volcker Rule

New York (HedgeCo.Net) – Coming into effect April 1, 2014, the final rules implementing the new Volcker regulations prohibit banking entities (and their investments in hedge funds) from making risky bets that solely benefit the banks and not the investor. The […]

Man Hedge Fund to Pay $9 Million In Overvaluation Case

New York (HedgeCo.Net) – One of Man Group’s hedge funds, GLG Partners L.P., and its former holding company GLG Partners Inc. agreed to pay nearly $9 million to settle SEC charges over internal failures that led to the overvaluation of fund […]

BNY Mellon To Help Hedge Funds Master New Regulations

New York (HedgeCo.Net) – In order to help hedge fund managers cope with the new regulations laid out by the Alternative Investment Fund Manager’s Directive (AIFMD), BNY Mellon has launched a service that helps fund managers identify, aggregate and manage […]

Volcker Rule: New Legislation May Affect Hedge Fund Prime Brokers

New York (HedgeCo.Net) – As regulators prepare to vote on the proposed Volcker legislation that restricts banks from making risky bets, Albert Kyle at the University of Maryland says that the new rules may make hedge fund investments riskier unless their broker dealers […]

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