A Summary Of Sound Practices For Hedge Fund Managers

Overview of “A Summary of Sound Practices for Hedge Fund Managers” which appeared in the Winter 2007-2008 issue of Financial Bridges magazine. View the entire article via the PDF.

Overview
The Managed Funds Association – a leading trade group for the hedge fund industry – recently released the fourth version of its highly regarded Sound Practices for Hedge Fund Managers (“Sound Practices”) manual. Since its first publication in 1999, this manual has been considered a cookbook or roadmap for prudent business and investment practices for hedge fund managers. The Managed Funds Association (“MFA”) publishes this manual, in part, to help fulfill its on-going self-described mission: to protect, assist and educate members, policy makers and the investing public.

The manual provides guidance to hedge fund managers by highlighting key components of sound practice in various areas, providing detailed practice suggestions in a series of appendices and by providing further reference to expert sources or additional highly detailed practice resources.

About Richard Heller

Richard Heller is a partner at the New York City law firm of Thompson Hine LLP. His experience is in the formation of private offerings for hedge funds as well as the formation of registered broker-dealers and RIAs. In addition to his private practice, Richard has served three times on the Securities and Exchange Commission's Business Forum on Small Capital Formation. He has also authored and co-authored many resourceful books about Hedge Fund Law and hedge fund manager practices. Richard holds a law degree from Wake Forest University as well as a B.A. in American Studies from Rutgers. He serves on the Board of Directors for the Hedge Fund Association. For more information, please visit http://www.thompsonhine.com/lawyer/richardheller/.
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