Private Funds

Citing what it called "wholly inadequate" oversight of a faraway subadviser, the SEC last week fined and ordered repayment of advisory fees by Morgan Stanley ...

The final Form PF rule that garnered an unanimous vote by the Commission last week will contain numerous changes from the original proposal (IA Watch, ...

This is the 2011 final rule from the SEC laying down the rules for advisers to private funds, some commodity pool operators and trading advisers ...

This past summer the IRS decided to halt issuing private letter rulings for investment companies that invest considerably in commodities. The companies seek the letters ...

This week the Commission "will consider whether to adopt" its proposed Form PF rule that would require hedge and other private fund advisers to report ...

The SEC's Division of Investment Management assured Morgan Stanley last week that it wouldn't recommend enforcement action if its investment advisory firm participated in an ...

We told you in July that - effective Sept. 19th - the SEC had hiked the thresholds for when advisers can charge performance-based fees (IA ...

    Investment Company Act of 1940 — Section 17(a), 17(d) and Rule 17d-1 Morgan Stanley Institutional Fund of Hedge Funds October 7, 2011 RESPONSE ...

If your firm sells private funds in Europe or acts as a subadviser to funds there, you'll want to know that the European Securities and ...

On Sept. 26th, FINRA rule 5131 - the anti-spinning rule - takes effect. While it's aimed at broker-dealers, compliance with it creates headaches for fund ...