The Dodd-Frank bill, signed into law on July 21, 2010, finally puts on the books a law meant to bring the vast majority of hedge funds under regulatory supervision. The law specifically requires “private fund advisers” to register, either with the SEC or their state of domicile.
Here’s roughly how the law works:
– Private Fund Advisers with between $25m and [...]
Registration of all the unregistered hedge fund investment advisers under the financial reform package…. how much will this cost?
That is a question that is puzzling both law-makers and the industry. For hedge funds, it is a personal question: how much will registration cost me? For law-makers and industry representatives, the question of course is a [...]
After a year of proposals, hedge fund regulation took a small leap forward during the past week here in the US with the introduction of truly viable legislation by Senator Dodd. In the EU, regulation is more or less at a standstill for the moment (but probably not for long).
In the meekly-titled 64 page bill called “Restoring [...]
New short selling rules are coming into effect both here in the US as well as abroad. They are squarely aimed at “speculators” and are in response to the myriad of crises that have affected markets in the last two years. More recently, the crisis in Greece is currently driving new proposals and bad publicity [...]
For hedge funds, 2009 was certainly the year of anticipation. Anticipated new rules dominated the headlines and planning meetings. And it seemed like almost weekly, there were new scandals and additional revelations about the Madoff case that left everyone talking over the water cooler, trying to predict what the next shoe to drop would be.
Will registration requirements [...]
The whole fabric of the regulations which will impact US hedge fund advisers is going to be made up of finely woven threads of regulations which will be issued by various governmental entities. Threads will be contributed by multiple federal, state and even foreign regulatory bodies.
Much press has been given to the proposed federal framework of [...]
Excerpt from remarks by Assistant Secretary for Financial Institutions Michael Barr on Regulatory Reform made to the Exchequer Club in Washington, D.C.:
“….Later today [July 15, 2009] we [US Treasury] will send legislative language to the Hill that requires registration of all hedge funds and other private pools of capital over a minimum threshold in size.
Hedge funds do not [...]
The conventional wisdom is that hedge funds in the US will soon face a registration requirement. There are three pending bills with varying proposals currently pending in the House and Senate.
What can funds that are currently unregistered do to prepare for this change in status? Are there any steps that can be taken in advance that [...]
In what appears to be a direct response to the Madoff scandal, the SEC has issued a proposed amendment to the custody rule applicable to registered investment advisers.
Rule 206-4 currently offers certain protections to investment advisory clients. The proposed amendments, which seem certain to gain approval, go well beyond what is currently on the books. In [...]
According to a report by research firm TowerGroup cited in Saturday’s New York Times, 8 out of 10 hedge funds are ill-prepared for hedge fund registration. This is a significant statistic because it shows the infrastructure of the industry will need a serious upgrade… at a time when performance has had a serious downgrade and [...]
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