Monday, 20 October 2014
Last updated 2 hours ago
Nov 17 2010 | 3:35pm ET
The hedge fund industry on Friday will learn the likely look of the U.S. Securities and Exchange Commission's registration regime.
The SEC plans to meet to propose the registration requirement. It is not the first time the agency has tried to force hedge funds to register: Five years ago, it did so but saw the rule overturned after it was challenged by Bulldog Investors' Philip Goldstein.
The court at the time ruled that the SEC did not have the statutory authority to regulate hedge funds. That is no longer a problem, as the recently-enacted Dodd-Frank law explicitly requires the SEC to force hedge funds and other private funds to register.
On Friday, the Commission is expected to vote to require hedge funds with $150 million or more in assets under management to register. It will also increase to $100 million the minimum level of assets under management for a hedge fund to fall under its jurisdiction. Smaller hedge funds will be left to state regulators to oversee.
Not all hedge funds will face the same scruntiny. The SEC has already proposed allowing family offices to avoid registration. It also may exempt venture capital funds and foreign private fund managers with little or no business in the U.S.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...