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Rajib Chanda Quoted in FundFire Alts on Increase in “Exemptive Relief” Filings
05.03.18
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Corporate Partner Rajib Chanda was quoted in FundFire Alts, a Financial Times publication, on the growing trend of requests for SEC permission for registered funds to invest alongside institutional private funds. The article, titled “‘Explosion’ in SEC Filings Aim to Boost Alts for Advisors,” discusses the growing requests for relief from 1940 Investment Company Act restrictions on affiliate transactions, noting the filings signal an upward trend and a critical piece of the product development boom of non-traded alternative funds for advisers. Rajib noted the possibility for an outsized final tally in applications for 2018 as a result of the nine month timeline for successful requests compounded with the pace of recent applications. “We should see many more of them this year. These orders are a major piece of this product development story,” Rajib said.