Asset Management, Department of Labor (DOL), Recordkeeping Requirements

What Does a Second Trump Administration Mean for the Private Funds Industry?

King & Spalding on 11/14/2024

The incoming Trump administration will bring significant changes to regulatory policy as it relates to the asset management industry, and private funds, in particular...more

QPAM Amendment – Action Required by Investment Managers

Foley Hoag LLP on 4/25/2024

The U.S. Department of Labor (“DOL”) has amended the qualified professional asset manager (“QPAM”) class prohibited transaction exemption 84-14 (“QPAM Exemption”), effective as of June 17, 2024 (“QPAM Amendment”)....more

QPAM Amendment Finalized: Prompt Action Required for Continued Reliance

Jones Day on 4/19/2024

On April 3, 2024, the Department of Labor (the "DOL") published its final amendment (the "Amendment") to Prohibited Transaction Class Exemption 84-14 (the "QPAM Exemption"), which permits certain otherwise-prohibited...more

Major Changes Coming to the Qualified Professional Asset Manager Exemption

Alston & Bird on 4/18/2024

Our Employee Benefits & Executive Compensation and Investment Funds Teams break down the increased compliance requirements – and compliance costs – qualified professional asset managers (QPAMs) face under the Department of...more

DOL Issues Proposed Amendment to QPAM Exemption

Foley Hoag LLP on 8/26/2022

The Department of Labor (“DOL”) recently issued a proposed amendment to prohibited transaction class exemption 84-14 (the “QPAM Exemption”). The QPAM Exemption permits an investment fund managed by a qualified professional...more

Emerging Private Fund Manager Guide for Raising Institutional Investor Capital

Foley & Lardner LLP on 11/21/2017

Public and private pension plans, endowments, hedge funds and other institutional investors are investing trillions of dollars annually with alternative asset managers. Many of these fund managers are well-established with a...more