ComplianceAlert

SEC Custody Rule… Hot, Hot Hot

The hot regulatory topic now – Rule 206(4)-2. The SEC issued yet another round of guidance last month.1 In its latest interpretation of the Rule for private fund advisers, the SEC provides valuable feedback to the private fund industry regarding two topics: (1) the use of Special Purpose Vehicles (SPVs) and (2) PE escrow accounts….

Read More

ComplianceAlert

Alt Funds Feel the Heat

The SEC continues to be focused on the fund industry, with alternative mutual funds now a priority. Alternative funds rely on innovation and creative thinking within the very traditional mutual fund framework. According to the SEC, alt funds represented 32.4% of all fund inflows during 2013, a five-fold increase over 2012 numbers. Big numbers like…

Read More