Sunday, 26 October 2014
Last updated 1 day ago
Oct 12 2012 | 12:00pm ET
The Securities and Exchange Commission has given the hedge funds newly under its ambit an idea of what that means.
The regulator told thousands of newly-registered private investment advisers, including hedge and private equity funds, that it had created a new "presence exam" for them. The exams will involve "engaging directly with firms' senior management."
The SEC is planning risk-based exams over the next two years, and will hold meetings and seminars with chief compliance officers. The tests will have three phases, engagement, examination and reporting. They are expected to deal with conflicts of interest, marketing, portfolio management, the safety of client assets and valuation.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.