Jun 23 2006 | 7:36pm ET
The Securities and Exchange Commission has announced new rules aimed at making funds-of-hedge funds more transparent, but according to one lawyer, money managers shouldn't sweat it.
The rules, which were adopted on Wednesday, require any registered fund that invests its assets in another fund to disclose the cumulative amount of expenses charged by the fund and any of the sub-funds in which it invests. However, George Zornada, a partner at law firm Kirkpatrick & Lockhart Nicholson Graham, said that private funds, including most hedge funds and fund-of-hedge funds, will not be affected by the rule.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…