An unidentified investment adviser in Chicago trolling a hedge fund database came upon another adviser who claimed impressive returns using a “proprietary” algorithm. The Chicago ...
Stray from your valuation P&Ps and you up your risks of regulatory trouble. Same goes if you routinely fail to use the valuations supplied by ...
The old adage regarding your compliance policies and procedures rings true again: Do what you say you’re going to. That lesson has come home for ...
Include in your definition of personally identifiable information any “security code, access code or password that would permit access to an individual’s financial account.” ...
The global financial crisis continues to swallow up its fair share of industry players. For private equity adviser Scott Landress, the trouble started when UK ...
If you’re a large enough private fund adviser that markets into the EU, then you already quarterly file certain data reports with overseas regulators to ...
Stefan Lumiere will learn his fate in May – when he will be sentenced for securities fraud that could keep him behind bars for decades. ...
Say, your Form PF deadline has arrived yet your fund’s auditor hasn’t completed its work. What should you do? Place “estimated values” for the ...
Leaders of a New York-based private equity adviser are used to judging the value of potential portfolio companies. They hired an IT company and then ...
The recipe’s as simple as baking Christmas cookies: do what you’ve promised investors in writing that you’ll do. Violating this simple rule cost private ...