Saturday, 25 October 2014
Last updated 17 hours ago
Jan 14 2014 | 11:49am ET
The Securities and Exchange Commission has a new strategy for keeping hedge funds in line: holding their compliance officers responsible.
Hedge funds required to register with the regulator are also required to have a chief compliance officer. And, according to Schulte Roth & Zabel's Marc Elovitz, those new CCOs are expected to be doing their jobs.
"The SEC is being much more aggressive in charging compliance officers when there's a compliance failure," Marc Elovitz, a partner at the law firm, told The Wall Street Journal. "It puts compliance officers in hedge funds in the hot seat and puts huge pressure on these firms and their officers to have much better compliance."
Schulte Roth plans to discuss that matter and others related to hedge-fund regulation at its annual conference today.
The SEC brought several administrative proceedings against hedge-fund compliance officers last year, according to the Journal.
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.