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Banks will now be allowed to back private equity and venture capital funds for “limited low-risk” transactions, “including risk-less principal transactions” under changes to the ...
Private funds are struggling with conflicts of interest, fees and expenses and policies and procedures on protecting against the leak of material, non-public information, a ...
Public company quotes “aren’t a great comp” because “the chaos that the pandemic has caused” means their valuations aren’t connected to the company’s fundamentals either
The COVID-19 crisis forced financial professionals to flee their offices in a hurry. Even if your cabin fever has you reaching The Shining-levels of madness, ...
The attorney for a former compliance officer at an upstate New York broker-dealer is claiming vindication for his client after state regulators in Massachusetts filed ...
The U.S. Department of Labor has given the green-light for pension fund advisers to invest their clients’ money in private funds, but compliance officers will ...
In March, OCIE Director Pete Driscoll promised private fund advisers that the SEC would this year issue a risk alert directed at them. “That’s something ...
GPB Capital ...carefully constructed the narrative that unlike a traditional risky private placement, where an investor places chips on a roulette table hoping for a ...
Failures resulted in $1M penalty for Ares Management
TSP Capital will pay a $60K penalty under settlement agreement
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TSP Capital also failed to comply with the requirement that every investment adviser registered with the Commission adopt and implement written P&Ps
RCW exclusive analysis of Form ADV data
COVID-19 is a double-barreled compliance crisis for private funds. On the one hand, as cash evaporates it could expose weak investments or even outright fraud ...
The coronavirus crisis has forced many firms to stitch together patchwork telecommuting arrangements even as the world economy faces its worst days since the 1930s. ...
Sherlock Holmes famously solved a case by listening for a dog that didn’t bark. Since the early days of the coronavirus crisis, a deafening silence ...
A Florida private fund adviser hid losses on bad loans and booked fees it hadn’t yet received to over-inflate its funds’ net asset values by ...
The coronavirus crisis caught almost everyone off guard. But now, two months into lockdown, and no date certain on when we’ll get back to “normal,” ...
For nearly three decades, Marko Dimitrijevic was an impresario in emerging market funds. His firm, Everest Capital, attracted early investments from George Soros and Dimitrijevic’s ...
A private fund isn’t a personal fund, and the SEC has just driven the point home by barring a Maryland investment adviser for helping himself ...
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