The video below discusses the following issues this week:
Connecticut Does Not Pass Hedge Fund Bill
A Connecticut bill seeking to enforce transparency regulations on hedge funds was not brought to a vote at the state house of representatives. According to the Wall Street Journal, the House failed to vote on it before the 2009 legislative [...]
Managed Funds Association Espouses Smart Approach To Regulatory Reform as Group of Twenty Concludes in London
WASHINGTON, DC –Managed Funds Association (MFA) President and Chief Executive Officer Richard H. Baker, issued the following statement as the Group of Twenty (G-20) concludes its meeting in London to discuss global economic stability:
“Financial system stability and the restoration of [...]
Blogs have become important tools in the investment management industry and have allowed even the most unsophisticated computer user (ahem….hedgefundlawblog….) to post useful thoughts and information for other industry participants to examine and opine upon.
Some hedge fund managers may want to use the internet and blogs to vet ideas or to discuss certain parts of [...]
Grant Thornton LLP Launches New Hedge Fund Registration and Compliance Services
NEW YORK–In response to investor demand for greater transparency as well as pending new legislation, Grant Thornton LLP’s Financial Services practice is launching Hedge Fund Internal Control, Governance and Regulatory Compliance Services. These services will help funds attract new investors who might be wary of [...]
State to Increase Regulation of Hedge Funds
(www.hedgefundlawblog.com) Connecticut, home of many of the biggest hedge funds in the world, may begin regulating hedge funds in a heavy handed manner. Recently state lawmakers have introduced three bills (Raised Bill No. 953, Raised Bill No. 6477 and Raised Bill No. 6480) which would greatly increase oversight of [...]
Testimony Continually References Lack of SEC Funding
Yesterday the Senate Commission on Banking, Housing and Urban Affairs held a hearing on the Madoff scandal. Those providing testimony include an investor who was swindled by Madoff, two employees of the SEC and a law school Professor. While all testimony concerned Madoff to some extent, a few themes [...]
Treasury Secretary Nominee Supports Hedge Fund Registration
Last week Timothy Geithner, President Obama’s nomination for Treasury Secretary, testified before Congress as part of the confirmation process. In that testimony he stated a number of times that he was in favor of increased financial industry regulations and that he also supported hedge fund registration. It is expected [...]