Regulators Shift Enforcement Focus to Hedge Fund Marketing Practices

July 16, 2014

The removal of restrictions on general solicitation, a consequence of the Jumpstart Our Business Startups (JOBS) Act, has created new opportunities for the U.S. Securities and Exchange Commission (SEC) to probe the depth of hedge fund pockets. The National Examination Program, part of the SEC’s Office of Compliance Inspection and Examinations, has made it clear [...]

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Insider Trading—A Regulatory Minefield

June 30, 2014

If the Internal Revenue Service is the governmental agency most feared by Americans in general, then the U.S. Securities and Exchange Commission (SEC) is the agency most feared by Wall Street, in general, and by hedge funds in particular. Illegal insider trading has been the SEC investigators’ priority target for decades and with the 2011 [...]

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A Pen, a Telephone, and the SEC?

June 16, 2014

Hardly a day passes without news of one financial scandal or another in the financial services industry, particularly hedge funds, with SAC Capital Advisors, LLC being one of the higher profile examples. Colossal Fines The Security and Exchange Commission (SEC) has posted a list of cases on its website detailing the results of its efforts. [...]

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Hedge Fund Groupthink – Real or Imagined

June 2, 2014

The implication of some in the financial media is that hedge funds and hedge fund managers are demonstrating a groupthink or herd mentality with respect to the investments they are making. The argument, which seems ludicrous, may or may not have merit. Of course, conventional wisdom suggests this to be an improbable argument because hedge [...]

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Hedge Fund Jobs—Yes They Are Out There

May 19, 2014

Employment within the hedge fund industry is the primary goal of many college and university students. It is also a goal to which substantial numbers of people currently employed in the broader financial industry aspire. The appeal of the hedge fund industry is understandable. Even those achieving the nadir in the industry can make jaw-dropping [...]

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Hedge Funds Poised to Capture Their Share of $10 Trillion

May 8, 2014

Ten trillion dollars – the staggering sum estimated to reside within the community of potential retail investors, is soon to be unlocked by the Security and Exchange Commission’s rule changes – a direct result of the language in the JOBS Act of 2012. The global hedge fund industry currently has almost $2.5 trillion in assets [...]

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The Eight Rules of How to Use (and How Not to Use) eMail

April 15, 2014

Email. How did we ever live without it? Quite well for thousands of years, thank you, but few of us in the workplace today can remember a time when it wasn’t our principal means of correspondence. It does seem to have legs. Back in the 1970s and ’80s, government, military and university researchers were able [...]

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International Monetary Fund Drops the “D” Word

April 1, 2014

In its January 21st, 2014 update, the IMF hinted at the specter of deflation. The United States has only had two experiences with a deflationary economy; the first from 1870 to 1890 and the second in the 1930’s—in both cases, beyond the living memory of most Americans. Much of our 1930’s our experience with deflation [...]

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Drumming Up Business With a Different Drummer

March 18, 2014

Counting the number of hedge funds in the world is like trying to follow the Major League pitching career of Octavio Dotel. It’s incredibly complicated and subject to sudden change. The former Met-Astro-A-Yank-Royal-Brave-Northsider-Buc-Dodger-Rockie-Jay-Card-Tiger free agent might be running out of teams, though, but the tally of hedge funds just keeps growing. At Hedge Fund Research’s last [...]

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Preparing for Your First Cap Intro

March 4, 2014

What if you throw a hedge fund party and nobody comes? Maybe you’ve found a niche strategy nobody has thought of yet. Maybe you’ve built a financial model that looks like the Goldman Sachs’s income statement. You’ve got commitments from reputable third parties to handle all your back-office affairs. You lack only one thing: experience. Before [...]

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