Thursday, 30 July 2015
Last updated 32 min ago
May 7 2008 | 2:00am ET
California hedge funds need not fear a local registration requirement, for now.
The Golden State’s Department of Corporations last week said it is shelving plans to eliminate an exemption that allows most hedge funds and private equity firms to avoid registering with it. The department called the move, which it had proposed in October, “premature.”
The proposal was designed to, in effect, undo the decision in Goldstein v. Securities and Exchange Commission in California. That court ruling overturned an SEC rule requiring hedge fund managers to register with the regulator.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…