The Securities and Exchange Commission decided not to vote on increasing the amount an investor must have to participate in a hedge fund from $1 million to $1.5 million at an open meeting December 4. The SEC was set to vote on the matter but it was deleted from the agenda for an unexplained reason. The Commission was also to consider whether to propose a new rule under the Investment Advisers Act of 1940 to prohibit advisers from making false or misleading statements to investors in certain pooled investment vehicles they manage, including hedge funds. Another open meeting is scheduled for December 13, and the issue is on the agenda.
With scores of bidders chasing assets, returns have shrunk.
The number of deals and size of assets through Sept. 30 already exceed the totals for all of last year.
In light of Ken Fisher's behavior at an industry event, one female CEO and other industry players discuss ways to change the culture in wealth management.
Sponsored by Smarsh
Many companies today are making the move to Office 365. Find out whether it’s the right move for your firm.
Sponsored by Orion Advisor Technology
Virtually all advisors want to grow their business. But consistent growth requires the right technology and strategies; otherwise, the challenges that accompany growth can leave your business paralyzed.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.