Take FORM PF SURVEY ONLINE – completely anonymous Download Form PF Survey Questionnaire in Word Format To: Private Fund Advisers Registered with the SEC Chief Legal / Compliance Officer To Whom It May Concern From: Professor Wulf A. Kaal 1000 LaSalle Ave., MSL 400 Minneapolis, MN 55403 Telephone: (651) 962-4972 Cell: (312) 810-4390 Facsimile: (651) […]Read more "Form PF Survey 2013"
Originally posted on CLS Blue Sky Blog:
A common denominator of regulatory responses to crises is the use of stable and presumptively optimal rules. The term “stable and presumptively optimal rules” refers to rules that, once in place, do not change other than through other rules and Acts of Congress. Congress, financial regulators, and the…
The SEC yesterday approved final rules implementing one of the most important changes to securities regulation and offering practices in decades, as mandated by Congress in the Jumpstart Our Business Startups (“JOBS”) Act: to lift the ban on general solicitation or advertising in offerings to accredited investors that are exempt from registration under Rule 506 […]Read more "The Hedge Fund Industry after the Lift of the Ban on General Solicitation"
I previously commented on the bright future for the hedge fund industry. More good news for the industry it seems: private funds could find the ban on general solicitation lifted very soon under SEC rules implementing the provisions of the JOBS Act. Europe’s pending new AIFM regime for alternative investments is stricter but still has lots […]Read more "Lifting the Ban on General Solicitation for Private Funds"
Presenting initial findings of this study on June 14th at the 2013 Junior Scholars Workshop on Financial Services Law at the University of Connecticut School of Law Here is the tentative abstract: Creating a paradigm shift for private fund regulation in the United States, Title IV of the Dodd-Frank Act mandates hedge fund adviser registration […]Read more "The Effect of the Dodd-Frank Act on the Hedge Fund Industry"
The Financial Times reports that hedge funds have transformed themselves and are increasingly influencing policy. My own work provides some empirical support for these observations. My study “Hedge Fund Manager Registration under the Dodd Frank Act” shows that hedge fund managers are only mildly affected by unprecedented registration and disclosure obligations under the Dodd-Frank Act and will be […]Read more "A Bright Future for the Hedge Fund Industry and its Impact on Policy Making"
Despite the role of collateralized debt obligations (CDOs) in the financial crisis of 2007-08, CDOs and other high risk investment products may soon be available again and are likely to proliferate. The WSJ reports that J.P. Morgan Chase and Morgan Stanley bankers are assembling synthetic CDOs to satisfy demand for structured products by investors who seek high […]Read more "The Return of CDOs – Do We Need Dynamic Elements in Financial Regulation?"