PRIVATE FUNDS MANAGEMENT: Five Years Since Registration
July 6, 2017, By Joseph M. DiBartolo, Director, Alaric Compliance Services
PFM Private Funds Management
Five years ago, investment advisors to private funds, including hedge funds and private equity funds, were required to register with the Securities and Exchange Commission (“SEC”). As registrants under the Investment Advisers Act, private funds became subject to Rule 206(4)-7 (the “Compliance Rule”), which requires them to develop and maintain a compliance program reasonably designed to detect and prevent securities violations.
Click here to learn what challenges are involved in institutionalizing compliance management practices for private funds whose operations are as varied as their structures and strategies. (Login may be required)