Registered Funds Alert, February 2015
This inaugural edition of the Simpson Thacher Registered Funds Alert discusses recent developments in the registered funds industry, including the latest SEC guidance relating to alternative funds and non-transparent actively managed exchange-traded funds. In addition, it discusses pending SEC enforcement actions that could have an impact on the industry. Finally, we report on notable transactions that occurred in the fourth quarter of 2014, including M&A transactions and closed-end fund initial public offerings.