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Financial Reform Act: Impact on Hedge Funds, Private Equity
Financial Reform Act: Impact on Hedge Funds, Private Equity
Financial Reform Act: Impact on Hedge Funds, Private Equity
Financial Reform Act: Impact on Hedge Funds, Private Equity
Financial Reform Act: Impact on Hedge Funds, Private Equity
Financial Reform Act: Impact on Hedge Funds, Private Equity
Financial Reform Act: Impact on Hedge Funds, Private Equity
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Financial Reform Act: Impact on Hedge Funds, Private Equity

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Presentation outlines the impact of the Financial Reform Act on hedge funds and private equity firms. Provides snapshot of new hedge fund regulations and private equity regulations.

Presentation outlines the impact of the Financial Reform Act on hedge funds and private equity firms. Provides snapshot of new hedge fund regulations and private equity regulations.

Published in: Economy & Finance
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  • 1. Financial Reform Bill: Snapshot of Impact on Hedge Funds, Private Equity<br />July 2010<br />This presentation is for general information purposes only and does not constitute Eze Castle Integration legal or investment advice as to any particular set of facts. <br />
  • 2. Situation Snapshot<br />July 16, 2010: Senate approves Conference Report to Dodd-Frank Wall Street Reform and Consumer Protection Act<br />Hedge fund and private equity regulation and registration coming<br />President Obama to sign into law<br />Expected week of July 19, 2010<br />Download the Conference Report<br />
  • 3. What’s included in the Reform Bill…<br />Registration: Hedge funds and private equity firms with &gt;$150 million in AUM must register with the SEC<br />Less than $150 million? You’re exempt.<br />Greater State Supervision: Threshold for federal regulation of investment advisers is being raised from $30 million to $100 million<br />Allowing for greater state supervision of advisers<br />“Private Adviser” exemption in Investment Advisers Act of 1940 eliminated, “thus registering advisers to private funds with the SEC.”<br />
  • 4. What’s included in the Reform Bill…<br />Accredited Investor redefined: <br />$1 million net worth, excluding value of primary residence<br />Charging performance fee? Investor generally needs $1.5 million net worth with primary residence included <br />Increased Reporting: SEC has power to require advisers give info on trades and portfolios as necessary to assess systemic risk<br />SEC can require advisers to disclose identity or investments of their clients for purposes of systemic risk<br />SEC will report annually to Congress on uses of data to protect investors and market integrity<br />
  • 5. What’s included in the Reform Bill…<br />Whistle-blowing:An incentive – up to 30% of funds recovered for information provided – has been put in place to encourage whistle-blowing. <br />Timeline: Advisers must comply with the new provisions within one year of enactment of the conference report<br />
  • 6. How to Prepare? Technology Aspects<br />Data Protection<br />President’s Working Group say’s hedge funds should have Business Continuity and Disaster Recovery plans<br />Solutions: Eze Disaster Recovery &amp; Eze Business Continuity Planning<br />Data Archiving<br />SEC advises firms retain all internal and external email and IM communications<br />Solution: Eze Archiving<br />
  • 7. Eze Castle Integration Overview<br />

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