For Fund Managers Facing Investment Adviser Registration, Some Practical Advice

By now, most managers of hedge funds and private equity funds know that they will likely be required to register as investment advisers with the Securities and Exchange Commission by July 21, 2011. Registration will certainly have a dramatic impact on how fund managers need to conduct their business, and will require, for instance, comprehensive reporting, record keeping and operational compliance with a broad array of regulatory mandates. Morrison Cohen has prepared a primer to help fund managers determine if they will be required to register with the SEC, and, if so, to help shed some light both on the registration process itself as well as on what it will be like to operate as a registered investment adviser. Click the link above to read the primer.