Private funds were a major focus of the US Securities and Exchange Commission’s (SEC’s or Commission’s) enforcement and rulemaking programs in 2022, and we expect 2023 to be even more active. The Division of Examinations’...more
Rule 12d1-4 under the Investment Company Act of 1940 permits funds to enter into “funds of funds” arrangements notwithstanding the prohibitions of Section 12(d)(1) of the Act of 1940, provided that certain conditions are met....more
5/3/2021
/ Asset Management ,
Derivatives ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Fund Managers ,
Fund of Funds ,
Investment ,
Investment Funds ,
Registered Funds ,
Regulatory Requirements ,
Valuation
The fund manager was victorious in the first court decision to come from a group of complaints filed over the last several years against manager-of-manager models.
Introduction -
Following a 25-day bench trial, the...more
9/13/2016
/ Appeals ,
AXA Equitable Life ,
Damages ,
Excessive Fees ,
Fiduciary Duty ,
Fund Managers ,
Investment Company Act of 1940 ,
Investors ,
Mutual Funds ,
Section 36(b) ,
Securities and Exchange Commission (SEC) ,
Shareholders
The Guidance emphasizes the importance of reviewing market conditions and the related effect on fund investments on an ongoing basis and ensuring that fund disclosure is appropriately up-to-date....more
The November 1, 2015 deadline is approaching for US financial services providers—including many US fund managers, private funds, and registered investment companies—to file a BE-180 with the US Department of Commerce....more
9/18/2015
/ BE-180 ,
BEA ,
Benchmarks ,
Filing Deadlines ,
Financial Institutions ,
Fund Managers ,
Investment Companies ,
Private Funds ,
Surveys ,
Time Extensions ,
U.S. Commerce Department