First Form PF Deadline No Sweat

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note