- Last week the SEC proposed filing and disclosure
requirements for private funds that rely on their new general
- Hedge fund managers described the proposal as a
- The additional burdens could deter funds from
advertising and impede capital formation;
- But the long-term benefits of general
solicitation could still transform the industry - not just
through fundraising, but also transparency and
Reporting requirements to be imposed on private
funds looking to take advantage of their new marketing rights
negate some of the benefits of last week’s general solicitation changes.
The hedge fund industry has described the plan as a
step backwards, which undermines steps to lift the 80-year ban
on private fund advertising
The US Securities & Exchange Commission (SEC) proposed
the changes to Regulation D on...