Founder and President Amy Lynch will be a featured presenter for NSCP’s upcoming webinar “IA/IC – Records Management.” Based on the popular and well-attended session at NSCP’s 2019 National Conference, on February 20th at 2:00pm, Ms. Lynch will share her expertise on books and records compliance as part of a two person panel. The webinar will cover best practices for records management programs to ensure they are in compliance with investment adviser and investment company…
Private equity firms reporting two IRRs (Internal Rate of Return) when an IRR is enhanced by subscription credit facilities, face the scrutiny of whether this is an accurate measure of performance. Amy Lynch, FrontLine’s Founder and President, states that the SEC has provided some direction to PE firms through its exam results and public statements. The regulator has stated that if the use of credit facilities affects a fund IRR, then its impact on IRR…
A fund manager recently agreed to settle with the SEC and pay $10.5 million for various internal failures that led to investor losses the SEC cites were directly tied to misleading performance presentations. The settlement describes that investors were assured by the firm they would be protected against losses of more than 8% in a hedged futures fund, when no such valid process was in place. Founder and President Amy Lynch explains that ineffective monitoring…
