SEC Puts Managed Accounts On Its Agenda

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By The Regulatory Fundamentals Group   Giving an important speech on Thursday, SEC Chair White outlined a potential major overhaul of the way the SEC intends to regulate risks at investment advisers. She said the program addresses the SEC’s “historic” mission as well as systemic risk. Noting close cooperation between the SEC and the FSOC, […] Read more »

The US Dollar – Novus Ordo Seclorum

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By Neil Azous Managing Member of Rareview Macro LLC   Most of us hand over dollar bills every day without ever really looking at them very closely. They are too familiar. But if you pause to look closely at the one dollar bill, you will see, right below the one-eyed pyramid, the Latin phrase “Novus […] Read more »

Side-Pocketed Hedge Fund Assets Attract New Investors

From Lars Lindqvist, founder Cattegatt Secondaries   Cattegatt Secondaries, the London based specialist broker for private equity and illiquid hedge funds interests, reports that over the last nine months, the pricing of hedge fund side pockets continued to improve relative to previous trading periods. This can be attributed to an improved economic landscape which has […] Read more »

Depositary-lite and the challenge of implementation

From  Grant Thornton   Under the requirements of the AIFMD, UK and other EU hedge fund managers that wish to market their non-EU, offshore hedge funds to EU investors through private placement, will need to comply with the “depositary-lite” regime. The depositary-lite regime requires one or more firms to be appointed to perform a number […] Read more »