Alerts

SEC Staff Responds to ABA Letter; Provides Further Guidance to Hedge Fund Managers

December 12, 2005

On December 8, the SEC staff provided its long awaited response to a series of clarifying questions regarding the new hedge fund manager registration rules and related issues arising under the Advisers Act. The SEC staff provided its guidance in response to a letter submitted by the ABA Subcommittee on Private Investment Entities. A copy of the SEC response can be found at http://www.sec.gov/divisions/investment/noaction/aba120805.htm