All articles tagged with #private funds
London Stock Exchange Group has launched a blockchain platform focused on private funds, aiming to enhance efficiency and expand to other asset classes through tokenization, which could speed up settlement, improve liquidity, and broaden investor access.
Wisconsin voters will decide on two GOP-backed constitutional amendments that would ban private funds in election administration and clarify the role of election workers, with opponents arguing that the measures are based on unfounded conspiracy theories and would create obstacles for administering elections. Republicans in the Legislature referred the measures to voters after Gov. Tony Evers, a Democrat, vetoed their attempts to pass laws seeking the same outcomes. Supporters say the measures would effectively ban "dark money" from elections, while opponents argue they are the product of election denial efforts and would hamper election administration.
The U.S. Securities and Exchange Commission (SEC) has adopted new rules aimed at increasing transparency and accountability in the private equity and hedge fund industry, which manages around $20 trillion in assets. The rules require private funds to issue quarterly fee and performance reports, disclose certain fee structures, and perform annual audits. However, the SEC dropped proposals to expand funds' legal liability and ban special arrangements for some investors. While the changes mark a significant overhaul, industry groups have expressed concerns about increased costs and limited investment opportunities. The new rules will go into effect in 60 days.
The U.S. Securities and Exchange Commission (SEC) is set to finalize rules that would overhaul private fund disclosure requirements, ban certain fees, and introduce other changes for the industry representing $20 trillion in assets. The proposed changes would require hedge funds and private equity firms to disclose all fees and expenses quarterly, prohibit charging customers for unperformed services or preferential treatment without disclosure, and make it easier for investors to sue fund managers. While Democratic Senators and industry groups have voiced support and opposition respectively, concerns have been raised about increased costs and decreased transparency.
The SEC has adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, to enhance the ability of the Financial Stability Oversight Council (FSOC) to assess systemic risk and to bolster the Commission’s oversight of private fund advisers and its investor protection efforts. The amendments will require large hedge fund advisers and all private equity fund advisers to file current reports upon the occurrence of certain reporting events that could indicate significant stress at a fund or investor harm. The amendments will become effective six months after publication of the adopting release in the Federal Register.