News & Events

Corporate Partner Rajib Chanda was quoted in an article in FundFire, a Financial Times publication, titled, “SEC Panel Calls for Expanded Alts Access Via Interval Funds.” The article explored the SEC Asset Management Advisory Committee’s recent report which was unanimously approved and recommended increased access to private funds for retail investors, including through the use of “chaperoned access” and greater alts diversification. Rajib explained that the recommendations could provide a starting point for future rulemaking efforts but that the changes may not come to pass anytime soon, in part because some of them would require extensive rulemaking revisions. However, he noted that there is already an established pattern of investors, advisors and fund managers using registered funds to boost alts investing. “It’s already happening inside existing structures. I don’t think the report changes a very clear trajectory of increased [use],” he said.

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