iA


Regulations

Increased Regulation Pushes More Funds To Convert to Family Offices
Hedge fund regulation has been a big issue ever since Dodd Frank was passed. Form PF and the Form ADV Part 2 are hardly trivial. And limited partners are as powerful as ever when it comes to administrative and compliance issues. Increasingly, they wield some big sticks. In response, more hedge funds seem to be […] Read more – ‘Increased Regulation Pushes More Funds To Convert to Family Offices’.
Form PF – 1 Year After – Citi Article
A useful article from Citi on a lookback of 1 year of Form PF Filings and what has been gleaned. Form PF One Year Later: How Hedge Funds Can Use Their Administrator to Effectively and Efficiently Assist them in Completing Form PF http://www.citibank.com/transactionservices/home/securities_svcs/docs/formpf1year.pdf Read more – ‘Form PF – 1 Year After – Citi Article’.
GAIM: Top hedge funds reluctant to disclose Form PF but amenable on OPERA
Hedge fund managers appear disinclined to supply their investors with Form PF data although are willing to provide clients with Open Protocol Enabling Risk Aggregation (OPERA), the risk reporting toolkit designed by Albourne Partners. Some managers have said investors are pushing for complete Form PF disclosure, with 45% of managers telling an upcoming COOConnect survey […] Read more – ‘GAIM: Top hedge funds reluctant to disclose Form PF but amenable on OPERA’.
SEC Proposed Rule Document: Money Market Fund Reform; Amendments to Form PF
See document here… http://www.sec.gov/rules/proposed/2013/33-9408.pdf Read more – ‘SEC Proposed Rule Document: Money Market Fund Reform; Amendments to Form PF’.
SEC Open Meeting to Vote on Money Market Fund Reforms Wed. at 10am
SEC Open Meeting to Vote on Money Market Fund Reforms Wed. at 10am Jun 0513 The Securities & Exchange Commission has posted its “Open Meeting Agenda for tomorrow’s meeting to vote on a new money market funds reform proposal. The meeting, on Wednesday, June 5, 2013, at 10am (see the Webcast here) will discuss “Money Market Fund Reform; Amendments To Form […] Read more – ‘SEC Open Meeting to Vote on Money Market Fund Reforms Wed. at 10am’.
How Will Investors Approach Form PF?
How Will Investors Approach Form PF? Tuesday, 15 January 2013Written by Deborah Prutzman Nearly every investor who allocates to a U.S. investment adviser reviews the adviser’s Form ADV filing as part of its initial due diligence. With the adoption of Form PF, investors may soon have another set of data to consider.  By the end of […] Read more – ‘How Will Investors Approach Form PF?’.
Form PF – Lessons from First Filers a GlobeOp Video
http://www.redhydrant.com/portfolio-item/globeop-form-pf-30/ Read more – ‘Form PF – Lessons from First Filers a GlobeOp Video’.
Form PF Guide Helps, Poses New Dilemmas
http://www.complianceintel.com/Article/3068221/Form-PF-Guide-Helps-Poses-New-Dilemmas.html Read more – ‘Form PF Guide Helps, Poses New Dilemmas’.
SEC Released FAQs to Form PF Filing
On June 8, 2012, the SEC released FORM PF FAQs.  Access them here.   Read more – ‘SEC Released FAQs to Form PF Filing’.
Form PF Filing Fee Schedule
The SEC has approved filing fees for investment advisers registered with the SEC filing Form PF.  Fees are charged for Annual Reports and Quarterly Reports to Form PF ($150 for each Annual Report and Quarterly Report). Fees must be credited to the firm’s IARD Daily Account before the filing can be submitted. FINRA Filing Fee Schedule SEC-Registered Advisers filing […] Read more – ‘Form PF Filing Fee Schedule’.
Key Dates for Form PF
Here is a nice infographic from Advent.   Read more – ‘Key Dates for Form PF’.
U.S. SEC set to monitor private equity funds, official says
NEW YORK, May 8 (Thomson Reuters Accelus) – Many of the world’s top private equity funds will soon be examined by the U.S. Securities and Exchange Commission, Carlo di Florio, director of OCIE, the SEC’s Office of Compliance Inspections and Examinations, said. Fourteen of the 50 largest hedge fund advisers in the world, and 18 of the […] Read more – ‘U.S. SEC set to monitor private equity funds, official says’.
Form PF Final Rules Adopted by SEC and CFTC
The SEC and the CFTC have published final rules requiring registered advisers to private funds to report certain information on Form PF. Here is a report by Skadden on the matter. Read more – ‘Form PF Final Rules Adopted by SEC and CFTC’.
Form PF Requires Investor Type Concentrations
The folks at Hedge Op, have written an article elaborating on Question 16 of Section 1b – Investor Representations of Subscription Agreements.  Concentration of investor types will be required. Question 16 asks the manager to “specify the approximate percentage of the reporting fund’s equity that is beneficially owned” by each listed category of investors (detailed […] Read more – ‘Form PF Requires Investor Type Concentrations’.
Regulatory Focus on Hedge Funds Continues into Q1
The FORBES article by Judy gross shows that regulatory environment is still evolving and CFTC is jumping on the bandwagon. The regulatory focus on hedge funds continued during the first quarter of 2012, as new initiatives continued to roll out, and milestones in the implementation of rules put on the books last year were hit. For “large” […] Read more – ‘Regulatory Focus on Hedge Funds Continues into Q1’.