Saturday, 23 August 2014
Last updated 15 hours ago
Sep 6 2012 | 10:53am ET
The first deadline for hedge funds to register with the Securities and Exchange Commission has come and gone—and gone smoothly, according to Advise Technologies.
The regulatory compliance software company said that the majority of hedge fund successfully filed the new Form PF for the first time. It also said all of its own hedge fund clients filed on time without a glitch.
Hedge funds with more than $5 billion in assets under management had to make the filing by Aug. 29.
"This is the first time hedge funds have had to disclose this level of information, and it's caused a tremendous amount of angst," Doug Schwenk, founder and CEO of Advise, said. "The average fund manager has to produce 20-plus pages of thousands of numbers for Form PF. Instead of tackling it on their own, firms are best served to institute road-tested, quality systems that help make this painful task manageable."
Smaller hedge funds have another two or four months to make their maiden Form PF filings.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note