Seward & Kissel

Hedge funds increasing offering clients co-investment opportunities through SPVs

An increasing number of hedge fund managers are offering investors co-investment opportunities through special purpose vehicles (SPVs) as the convergence between hedge funds and private equity continues to grow.

Posted on: 01 Jun, 2015
Posted in: Investors

Hybrid fund vehicles urged to implement rigorous Chinese Walls

Hedge fund managers launching or acquiring equity stakes in private equity or venture capital firms must ensure they have adequate Chinese Walls in place to prevent conflicts of interest arising through separate vehicles, according to Seward &

Posted on: 03 Nov, 2014
Posted in: Investors

CFTC harmonisation with SEC to have limited impact on JOBS Act take-up

The Commodity Futures Trading Commission’s (CFTC) decision to harmonise its rules governing advertising and general solicitation at alternative investment fund managers with those of the Securities and Exchange Commission (SEC) will have a limited

Posted on: 29 Sep, 2014
Posted in: Regulation

Investors to grow allocations to alternatives

More than 35% of institutional investors intend to increase their exposures to  alternative asset classes, according to data from Preqin.

Posted on: 20 Aug, 2014
Posted in: Investors

SEC threshold for accredited investor likely to increase in months

The Securities and Exchange Commission (SEC) is likely to re-define the income and net-worth threshold for what constitutes an accredited investor in what could make it harder for early-stage hedge funds and other private funds to solicit capital

Posted on: 12 Aug, 2014
Posted in: Investors

Hedge funds warned on attempting to replicate private equity strategies

Hedge fund managers should not seek to replicate private equity investment strategies amid concerns there could be a liquidity mismatch, it has been warned.

Posted on: 11 Aug, 2014
Posted in: Investors

Fund managers struggling to meet investor expectations

Fifty-nine per-cent of institutional investors have said their funds have either failed or partially lived up to their expectations over the last 10 years, according to research conducted by Aquila Capital, the €7 billion Germany-based alternative

Posted on: 04 Aug, 2014
Posted in: Investors

Liquid alternatives warned on compliance obligations as SEC inspections loom

It is essential alternative mutual funds have in place liquidity terms and leverage profiles that meet the compliance requirements enshrined in the ’40 Act if they are to not fall foul of the upcoming examinations being undertaken by the Securitie

Posted on: 21 Jul, 2014
Posted in: Regulation

FSOC proposals on SIFIs could hurt large asset managers

The proposals by the Financial Stability Oversight Council (FSOC), the US government agency mandated under Dodd-Frank to monitor systemic risk, to label some asset managers including hedge funds as “systemically important financial institutions” (

Posted on: 20 May, 2014
Posted in: Regulation

Investors warned against fee pressure on early-stage managers

Institutional investors must not exert downward pressure on hedge fund fees if it compromises the quality of operational infrastructure at those businesses.

Posted on: 09 May, 2014
Posted in: Investors

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