Hedge Fund Registration with SEC – SEC3 Publishes Guide to SEC Registration of Private Fund Investment Advisers.
On July 15th, 2009, The U.S. Department of the Treasury proposed amendments to the Investment Advisers Act of 1940, as amended (the “Advisers Act”) that would have significant implications to advisers to private pools of capital such as hedge funds, venture capital funds, private equity funds, and other private pools including both U.S. and non-U.S. domiciled products.
Under the proposal, all advisers with assets under management greater than $30 million and either domiciled in the U.S. or with greater than 10% of their investors being U.S. persons would be required to register with the SEC.
Our Guide offers a step by step examination of the registration process, the on-going requirements and a look at the costs associated with complying and the costs of non-compliance.
Visit our Library to access a copy or our Private Fund Registration page.