Advisors wondering about the impact that global regulation may have on their businesses, and whether they will need to register as private fund advisors, were the focus of a webinarheld on Friday by consulting firm Deloitte & Touche LLP.
Presenting the hour-long session, titled “Private Fund Investment Advisers: The Impact of Global Regulation,” were Michael Chung, director; Karl Ehrsam, principal; Uner Nabi, director, and Michael Booth, assistant manager. Each presenter tackled a different aspect of the issue, from U.S. oversight legislation (the Dodd-Frank Act) and its requirements to which issues would be of primary concern in the European Union.
Key questions to consider, according to their presentation, are total assets under management, how many U.S. clients a firm has and their total AUM, whether the firm is a hedge fund or private equity fund, and whether firms are prepared to register on July 21, 2011.