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SEC POSTPONES REG D RULE CHANGE
SEC POSTPONES REG D RULE CHANGE The Securities and Exchange Commission (SEC) has postponed issuing rules which would allow issuers of private securities to immediately begin to solicit the general...
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MANAGEMENT FEE WAIVERS – The Next Area to Scrutinize
Share MANAGEMENT FEE WAIVERS – The Next Area to Scrutinize A couple of weeks ago I wrote about “carried interest,” the income earned by a private equity or hedge fund...
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Who’s Watching Me Now?
Who’s Watching Me Now? Ok, I am going to date myself a bit here. Remember the 1984 song by Rockwell “Somebody’s Watching Me”…? [youtube=https://www.youtube.com/watch?v=7bQwin3Vv0k] Some of the lyrics in the...
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Equity Position: The Right And The Wrong Approach
Equity Position: The Right And The Wrong Approach Do you ever see people do things that just make you shake your head? This week, I read about a financial services...
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Audit Firm Rotation?
Audit Firm Rotation? Last month, Jay Hanson, a PCAOB (Public Company Accounting Oversight Board) member, stated at an AICPA Conference that implementation of a mandatory audit firm rotation was unlikely....
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The Bigger You Are, the Less You Are Regulated?
The Bigger You Are, the Less You Are Regulated? I read an article in the InvestmentNews online publication this past week, “Regulators to crack down on phony AUM” by Dan...
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Allocation, Allocation, Allocation!
Allocation, Allocation, Allocation! “Put numbers on the right line on a tax return!” Frank, are you serious? In my next life I want to be an auditor so I can...
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SOC vs SOX vs SOCK
What is a SOC Report? In performing an internal control audit of a fund, it is important for the auditor to understand the structure of internal control over the financial...
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Fund Manager Seeks Sun, Fun and Low Taxes: Expatriation with a New Twist
Fund Manager Seeks Sun, Fun and Low Taxes: Expatriation with a New Twist Have you ever been so disgruntled about paying taxes that you start daydreaming about renouncing your U.S....
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How to Raise Seed Capital
How to Raise Seed Capital At a recent Bloomberg event entitled, “Hedge Fund Start-Up Conference”, a panelist quipped that the best way to give a new fund some momentum was...