Latest Articles

Hedge fund managers are thinking about succession planning earlier on than they used to, and they want to have clear plans in place as part of the drive to become more institutionally palatable — and sometimes to help facilitate strategic deals. Click here to read this article, in which The Hedge Fund Journal talks to SRZ partners Stephanie R. Breslow, Jennifer Dunn, Steven J. Fredman, Jason S. Kaplan and David Nissenbaum about…
Hedge fund managers are thinking about succession planning earlier on than they used to, and they want to have clear plans in place as part of the drive to become more institutionally palatable — and sometimes to help facilitate strategic deals. Click here to read this article, in which The Hedge Fund Journal talks to SRZ partners Stephanie R. Breslow, Jennifer Dunn, Steven J. Fredman, Jason S. Kaplan and David Nissenbaum about…
A variety of hedge fund strategies invite investors to participate in co-investments, which are becoming popular partly by default because side pockets are less acceptable. Click here to read this article, in which The Hedge Fund Journal talks to SRZ partners Stephanie R. Breslow, David J. Efron, Steven J. Fredman, Daniel F. Hunter and Jason S. Kaplan about key considerations for hedge fund managers thinking about succession planning.…
Information security is not only a good idea — it is also a legal obligation. Federal and state laws impose obligations on businesses, including investment advisers, to keep their data secure. Most of these laws focus on requiring businesses to take reasonable security measures. While it may take regulators and courts years to clearly define what exactly those are, best practices that facilitate compliance can and should be developed and followed now. Click here
A new Form D is now effective and must be utilized by private fund managers in making future filings and amendments. Changes to this form were needed as a result of recent changes to the Regulation D private placement safe harbor, including (1) a new set of procedures for issuers to follow in conducting certain general solicitation activities within a private placement safe harbor and (2) the imposition of certain “bad actor” disqualifications that now…
On July 19, 2012, the staff of the Division of Investment Management of the U.S. Securities and Exchange Commission (the “Staff”) updated its Form PF Frequently Asked Questions (the “FAQs”) to include significant new interpretive guidance on Form PF. The FAQs are available on the SEC’s website at http://www.sec.gov/divisions/investment/pfrd/pfrdfaq.shtml. The FAQs address a number of important questions. Of particular note, with respect to the reporting of counterparty credit exposure in Questions 22, 23, 36…