By Deborah Prutzman, The Regulatory Fundamentals Group LLC January is always a good time to look ahead and prepare for what the New Year might have in store. With that in mind, we offer six trends that are likely to impact how you spend your time in 2013. 1. Need for Trust The past […] Read more »
HF Marketing – Impact of Alternative Investment Fund Managers Directive
By Selina Sagayam and Lauren Dunford of Gibson Dunn The FSA published the first part of its long-awaited consultation paper “CP 12/32 Implementation of the Alternative Investment Fund Managers Directive (“AIFMD“) Part 1” on the 12th of November. Below is an extract about marketing and AIFs from Gibson Dunn’s alert. The alert also addressed valuation, […] Read more »
Spike In UK Regulatory Costs Coming
by DLA Piper and BDO A new research report entitled ‘The new twin peaks model: A report on the financial services industry’s views on upcoming regulatory issues’ by DLA Piper and BDO has raised concerns about the impact of the new twin peaks structure, with the creation of the two new bodies – the […] Read more »
Large Investors Negotiate Terms With Offshore Funds
Ingrid Pierce, Global Managing Partner, Walkers Satisfying investor demands: IFCs must promote compliance and high governance standards as investor power reaches unprecedented levels. As consolidation in recent years has led to fewer, larger players, the funds industry is now witnessing the emergence of a new generation of influential single investors with an unprecedented amount of […] Read more »
Increased powers over approved persons for the UK’s new regulators
By S.J. Berwin‘s Financial Markets Group The UK Government has embarked on a major reform of the UK financial services regulatory structure. Under the proposed changes the FSA will cease to exist in its current form, and three new bodies will be established: (a) the Financial Policy Committee, (b) the Prudential Regulation Authority (PRA), and […] Read more »
Cautious Welcome For JOBS Act Proposals
Henrietta Hirst, Managing Director of Parex PR New rules under the proposed JOBS Act are expected to bring dramatic changes to the marketing of hedge funds in the United States. When President Obama signed the JOBS Act in April this year he brought the hedge fund industry one step closer to a relaxation on […] Read more »
How Effective Are The FSA/SFO And SEC At Handling Misconduct?
From Labaton Sucharow LLP A QUARTER OF UK AND US FINANCIAL SERVICES PROFESSIONALS HAVE KNOWLEDGE OF WRONGDOING IN THE WORKPLACE New research from leading securities litigation law firm Labaton Sucharow LLP has today revealed the scale of misconduct and wrongdoing in the financial services workplace with 26 percent of industry professionals (UK: 30 percent, […] Read more »
Hedge Fund Association Supports Advertising in Letter to SEC
NEW YORK – (Business Wire) – The Hedge Fund Association, an international organization that represents hedge funds, service providers and investors, said liberalized advertising and solicitations rules contained in the new Jumpstart Our Business Startups (JOBS) Act would help hedge funds raise assets and “encourage emerging managers to continue to enter the industry.” The HFA […] Read more »
AIFM, or the Dissolution of Hedge Funds in Europe
By Theodore Brailey “The fort is betrayed, even of them that should have defended it. And therefore seeing the matter is thus begun, and so faintly resisted on our parts, I fear that we be not the men that shall see the end of the misery.” Saint John Fisher, d.1535 The European Council published the […] Read more »
How Hedge Funds Can React to the Insider Trading Enforcement Initatives of the US Govt
According to law firm Baker & McKenzie, the recent conviction of Galleon Group’s Raj Rajaratnam serves as a further alert to hedge funds of the heightened risks posed by the US government’s sweeping insider trading enforcement initiative and the need to mitigate those risks proactively. In a client alert partner Marc Litt gave six things […] Read more »