SPONSORED STATEMENT: A new landscape
April 16, 2012
New US regulations are becoming a reality, requiring that hedge funds prepare for an unprecedented level of compliance and reporting demands. George Sullivan, State Street’s head of Alternative Investment Solutions, asks how fund managers can establish a framework to meet them
George Sullivan, State Street’s head of Alternative Investment Solutions The Securities and Exchange Commission’s (SEC) Form PF, the Foreign Accounts Tax Compliance Act (FATCA), and other new regulations, including proposed rules regarding derivatives and Alternative Investment Fund Managers Directive (AIFMD) in Europe, are creating new global challenges for hedge funds. Practitioners must collect, manage and report data in a way that will meet the new rules, while maintaining the value of the hedge fund sector.
Fund Managers Face Form PF
The SEC is tasked by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to help control financial systemic risk by monitoring and measuring SEC-registered investment advisors’ fund practices. These managers, including mutual, private equity,...
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