The Securities and Exchange Commission issued a proposed order that, if adopted, would provide an exemption to certain "finders," persons who connect potential buyers and sellers of securities for a fee, from broker-dealer...more
Hedge funds have evolved far beyond traditional structures and exotic instruments. Today, hedge funds seek new ways to generate returns by partially reigning in exposure to early investor withdrawals.
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The Institutional Limited Partners Association (ILPA) recently published the third edition of the ILPA Principles (Principles 3.0). ILPA originally published the principles in 2009 to encourage discussion between general...more
8/5/2019
/ Carried Interest ,
Clawbacks ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Fund Managers ,
General Partnerships ,
Institutional Limited Partners Association (ILPA) ,
Investors ,
Limited Partnerships ,
Line of Credit ,
Management Fees ,
New Guidance ,
Private Equity ,
Private Equity Funds ,
Shareholder Distributions
On August 9, the US Department of Labor (DOL) announced in a court filing that it has proposed an 18-month extension of the full implementation of the Best Interest Contract Exemption (the "BIC Exemption") under the ERISA...more
Registered investment companies that pursue alternative investment strategies (also referred to as "liquid alts") are a relatively new form of offering for investment managers accustomed to operating private investment funds....more