Bracewell & Giuliani: Obama Proposals Could Have Major Impact On Private Fund Managers

By John Brunjes and Genna Garver, Bracewell & Giuliani -- President Obama’s plan to modernize financial regulation and supervision reflects a complex and consequential policy that directly impacts private investment funds and their managers.  Most significantly, all managers of hedge funds and other private pools of capital, including private equity and venture capital funds, whose assets under management exceed some "modest threshold," would be required to register with the SEC.