The days of ‘rubber-stamping’ Cayman directors are over
If “carried interest” is not enough to fret about, US private equity and hedge fund managers now face the unwelcome prospect of “independent” boards.
The model of a couple of professional Cayman Islands directors performing a perfunctory oversight role no longer cuts the mustard.
March 7, 2013
New SEC registration requirements for U.S. and foreign investment advisers and private fund managers post Dodd-Frank
If you’re just starting out as a U.S. investment adviser or private fund manager, this is what you need to know about SEC registration.
October 4, 2012
Secondary market offers permanent capital for managers and an exit option for investors
Before 2008, the secondary market for hedge fund interests was dominated by investors willing to pay a premium to gain access to closed funds.
September 7, 2012
Mutual funds attack hedge funds over fraudulent publicity issue
Thanks to the recently-passed
JOBS Act, U.S. hedge funds and private equity funds will soon be promoting themselves in the media. U.S. mutual funds are terrified at the prospect.
June 4, 2012
Microinsurance injects public interest into carried interest
Private equity has not been treated kindly in the press lately (see ), but there is one new development of which the industry can be proud. Private Equity under Pressure
May 14, 2012
Form PF herds private funds into data hell
If the private fund industry hadn’t gotten the message before, the new SEC
reporting requirement – Form PF – should do the trick. For hedge funds and private equity funds, the days of hiding the ball are over.
May 7, 2012
JOBS Act should eliminate the need for a “pre-existing substantive relationship”
Tucked into the ban on general solicitations in U.S.
private placements is the “pre-existing substantive relationship” requirement (PSR). For decades, the PSR has served as an unavoidable speed bump in the marketing of hedge funds and other private investment vehicles.
April 2, 2012
If you’re non-U.S., execute your unlisted U.S. securities trades on U.S. soil
A foreigner cheated by a U.S. person in the purchase or sale of an unlisted U.S. security – such as an interest in a
hedge fund or private equity fund — can only sue the swindler for securities fraud under U.S.
March 19, 2012