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Category Archives: Hedge Fund Regulation

AIMA Updates Hedge Fund Manager Due Diligence, Adding Post-Crisis Regulatory Directives

New York (HedgeCo.Net) – Reflecting recent regulatory changes, including the Alternative Investment Fund Managers Directive (AIFMD), AIMA has updated its flagship due diligence questionnaire (DDQ) for hedge fund managers, adding over 90 questions. “While much of the post-crisis regulation has […]

California Hedge Fund Manager Gets 14 Months For “Side Pocket” Investments

New York (HedgeCo.Net) – Former Bay Area hedge fund manager and philanthropist Lawrence Goldfarb has received a sentence of over a year behind bars for concealing more than $12 million in investment proceeds that was owed to investors in his fund. In […]

Hedge Fund Omni Partners Obtains Licence Under AIFMD

New York (HedgeCo.Net) – Steve Clark’s hedge fund, Omni Partners LLP, has been authorised by the Financial Conduct Authority (“FCA”) for a licence under the Alternative Investment Fund Managers Directive (“AIFMD”). “It is Omni’s aim to be at the spearhead of […]

Jury Acquits Rajaratnam Brother Of Hedge Fund Conspiracy Charges

New York (HedgeCo.Net) – U.S. attorney Preet Bharara lost his first hedge fund insider trading case when Rengan Rajaratnam was acquitted by a jury in New York of the charges that he was conspiring with his older brother, the imprisoned […]

NY Court Dismisses Charges Against A Hedge Fund In Market Timing Case

New York (HedgeCo.Net) – After six years of litigation, the SEC has resolved a case against defendant hedge fund manager Bruce Alpert of Gabelli Funds LLC. The Commission has agreed to dismiss its charges against Alpert. The SEC’s complaint alleged […]

Hedge Funds Ramp Up Oversight Automation In Face Of New Regulations

New York (HedgeCo.Net) – According to research from Milestone Group, 40 percent of North American asset managers feel that their current operation is unprepared to meet anticipated regulatory changes, driving a desire to increase automation. “Managers need automation, as it […]

House Passes Hedging Deregulation Bill

New York (HedgeCo.Net) – The U.S. House of Representatives yesterday passed legislation that would significantly weaken elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act put into place by Obama in 2010. The bill passed by a vote […]

SAC Affiliate Settles SEC Insider Trading Charges For $600 Million

New York (HedgeCo.Net) – The US courts have approved a $600 million fine to settle SEC charges that hedge fund advisory firm CR Intrinsic Investors participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug, Reuters reports. […]

IRS Issues New Rule Regarding Hedge Fund Fees

New York (HedgeCo.Net) – The IRS is backing investors who want to change the amount of fees a hedge fund firm can charge. By issuing a new rule reducing the incentive fees assessed by hedge funds for institutional investors, the […]

Eric Holder: Credit Suisse Pleads Guilty in Felony Tax Case

New York (Hedgeco.Net) – Attorney General Eric Holder yesterday announced that the Department of Justice filed a criminal information against one of the largest wealth managers in the world. Credit Suisse AG, “has agreed to plead guilty to criminal charges […]

Andrew J. Bowden: Spreading Sunshine in Private Equity

Since the beginning of the millennium, the private equity industry’s assets under management, defined as the uncalled capital commitments plus the market value of portfolio assets, have increased year after year. With the industry-wide portfolio value increasing steadily, and dry […]

What Hedge Funds Need to Know About The May 5th FATCA Deadline

New York (HedgeCo.Net) – The Foreign Account Tax Compliance Act (FATCA), is arguably a thorn in the sides of many foreign hedge funds.  While some funds are attempting to tackle compliance flying by the seats of their pants, for others, […]

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