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Entries from June 2011

New Rules for Hedge Fund Adviser Registration Adopted — States to Assume More Responsibility

Posted under Risk Management on June 25th, 2011 by Judith Gross0 comments

This past week, the SEC finalized rules requiring registration of most hedge fund investment advisers with either their state or the SEC.  As mandated by the Dodd-Frank Act, a gaping regulatory hole has now been filled. Whereas under prior rules, most hedge fund advisers could avoid registration, all but the very smallest advisers will now [...]

New Whistleblower Rules Create Challenges and Opportunities for Hedge Funds

Posted under Risk Management on June 15th, 2011 by Judith Gross0 comments

As part of the Dodd-Frank Act, the SEC has just adopted a rich bounty program which gives some serious incentives to whistleblowers to report first to the SEC (and to internal compliance later).  The consequences for hedge funds in particular could be onerous. The new whistleblower program makes it easier and more lucrative than ever to report a suspicion [...]