Bob Ivry, Saijel Kishan and Ian Katz look into their crystal ball at Bloomberg: Hedge Funds Concede Oversight Inevitability in Wake of Madoff. Narrowing the exemptions from registration under the Investment Advisers Act? More whisteblower protection? Segregation of the investment advisory and custody roles? More disclosure requirements? Minimum capital standards? Borrowing ratio limitations? Read more »
Category: Private Investment Funds
Is CalPERS a Sovereign Wealth Fund?
Ashby H. B. Monk wrote Is CalPERS a Sovereign Wealth Fund? (He ends up saying no.) Sovereign Wealth Funds have come under increased scrutiny with countries concerned that an investment by a SWF could be used as a political tool and not a mere investment. The underlying concern is that many of the SWFs come … Read more »
Control under FINSA and CFIUS
On November 14, 2008, the Department of the Treasury issued its final rule to implement the Foreign Investment and National Security Act of 2007, which provided guidelines for the Committee on Foreign Investment in the United States when reviewing investments by foreign persons in U.S. businesses for national security issues. The final regulations go into … Read more »
Treasury Issues Final Regulations for Committee on Foreign Investment in the United States
On November 14, 2008, the Department of the Treasury issued its final rule to implement the Foreign Investment and National Security Act of 2007, which provided guidelines for the Committee on Foreign Investment in the United States when reviewing investments by foreign persons in U.S. businesses for national security issues. The Foreign Investment and National … Read more »
Ruder Calls for Regulation of Hedge Funds
Former SEC Chair David Ruder testified to the House Oversight and Government Reform Committee that the SEC should be given the power to register hedge funds advisers and force them to disclose their risks. This testimony was part of the testimony of Congress Examining Hedge Funds. You can read the Testimony of David Ruder (.pdf). Mr. … Read more »
Congress Examining Hedge Funds
On Thursday November 13, 2008, The House Commitee on Oversight and Government Reform held a hearing on hedge funds and the financial market. The following witnesses testified: Professor David Ruder, Northwestern University School of Law, Former Chairman, U.S. Securities and Exchange Commission Professor Andrew Lo, Director, MIT Laboratory for Financial Engineering, Massachusetts Institute of Technology, … Read more »
Walker Guidelines
In February 2007 the British Private Equity and Venture Capital Association asked Sir David Walker to undertake an independent review of the adequacy of disclosure and transparency in private equity with a view to recommending a set of guidelines for conformity by the industry on a voluntary basis. This review culminated in November 2007 with … Read more »