Recent and ongoing enforcement actions by US regulators highlight the importance of maintaining compliance with recordkeeping requirements. In this memo, we explore best practice with regards to business communication and recordkeeping.
The SEC’s recently settled charges against Theorem Fund Services (TFS) brings renewed focus on the importance of conducting thorough due diligence on fund administrators. In this memo, we highlight key due diligence considerations for investors and investment managers when ensuring fund administrators are fit for purpose in their role as gatekeepers.
Our initial assessment of the SEC's Private Fund Adviser Rule is that while there is less prohibition and more disclosure, it remains overly prescriptive. While some controversial aspects in the original proposal have been modified, the rule will bring significant changes to the regulation of Private Fund Advisers that may still fail to address the root of governance failures.
Thomas Deinet, SBAI Executive Director, joins William Kelly, CEO of CAIA, to discuss the fascinating journey of the SBAI and its mission to establish industry-wide standards. He also explores the pressure faced by the hedge fund industry during the financial crisis and the importance of transparency and collaboration in improving industry practices.
In this podcast episode from our Founder series, Mario Therrien (SBAI Chair and Head of Investment Funds and External Management, CDPQ) is joined by Wayne Cohen (President and Chief Operating Officer of Sculptor Capital Management) whose firm is one of the founders of the SBAI. They look back at how it all started and how the industry is evolving. They discuss the SBAI, private and public markets, embracing technology, diversity and more.
Clone investment firm and impersonation fraud is receiving fresh attention as more sophisticated tools are being used to defraud investors, posing significant financial and reputational risk to both investors and managers.