A legal update from Dechert’s Financial Services Group.
Effective September 2013, the U.S. Securities and Exchange Commission (SEC) amended Rule 506 of Regulation D to (1) permit, in certain circumstances, an issuer to engage in general solicitation and general advertising in connection with Rule 506 offerings (General Solicitation Rules) and (2) disqualify issuers of securities offerings [...]
Change is here! The long-awaited JOBS Act Rules become effective September 23, 2013, dramatically expanding the marketing flexibility for managers of private funds. This newfound free speech provides important messaging and branding opportunities. Traditional one-on-one capital raising (a/k/a “hand-to-hand-combat”) meets modern marketing activities and communication platforms. How can you integrate public relations to leverage your [...]
Today marks the first official day that federal legislation goes into effect allowing hedge
funds to advertise their product publicly. This means hedge funds, as well as small startups, can begin to advertise their product publically through vehicles such as social media
sites, without having to register their shares for public trading. While restrictions do still
We welcome guest contributor Seymour Bucholz, a seasoned transactional attorney focused on corporate and regulatory matters for broker-dealer clients at Garvey Schubert Barer. Mr. Bucholz is presenting a white paper discussing the impact of the forthcoming Dodd-Frank Act.
Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act will impact virtually every professional investment [...]
Guest Post: Holly Singer, President of HS Marketing, a firm dedicated to helping firms in the alternative investment community achieve lasting impressions, contributes with to The Final Meeting with a piece on balancing marketing needs and compliance requirements in relation to creating an alternative investment website.
Most successful managers of alternative investments know that frequent communication [...]
Guest Post: Industry expert and guest contributor Ron Suber discusses the Big 12 Hedge Fund Best practices and the Four Quantitative and Three Qualitative Minimums for Hedge Funds.
Big 12 Hedge Fund Best Practices
1) Written compliance and employee trading policies with periodic attestation
2) Multiple levels of authority on cash movements with a minimum of 2 people [...]
Happy New Year!
If there is one thing I am sure about, it is that the hedge fund industry is not going away. That is clear. Even with all of the problems this industry faced last year, hedge funds still outperformed long only funds and added the much-desired alpha to many portfolios. The best and the [...]