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.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…