The Administration has now formally sent proposed legislation to Congress that requires registration of all investment advisers to hedge funds and other private pools of capital over $30m in the form of the proposed Private Funds Investment Adviser Registration Act of 2009. In addition to registration of the investment advisers, the Act calls for periodic reporting by these [...]
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 [...]
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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 [...]
