News & Events

Partner Olga Gutman was quoted in a Hedge Fund Law Report article titled, “Final Private Fund Rules: Key Compliance Challenges and Next Steps (Part Two of Two).” The article, part two of a two-part series on the SEC’s final private fund rules, outlined the key compliance challenges and considerations for fund managers. When discussing the final rules, Olga explained, “Although a lot of the teeth that were in the Proposal have been extracted, the changes that remain in the Rules are still significant and, in many ways, still impractical.” She went on to further reflect on the considerations for fund managers, and noted, “You need to speak to your compliance consultants and outside counsel early. Even if there’s a successful challenge to the Rules, considering your fund structures and special terms you’ve given is still time well spent. You should also consult your service providers. Look at the reporting requirements and work with your administrator or whatever service providers you use to put systems in place to comply.”

To read the full article, please click here (subscription required).