Registered Funds Alert, June 2018
The latest edition of Simpson Thacher’s Registered Funds Alert discusses recent developments in the registered funds industry, including: answering frequently-asked questions regarding the effects of a recent legislative victory for business development companies (BDCs); analyzing the SEC’s proposed interpretation of investment advisers’ fiduciary duties to clients; suggesting ways that the SEC could better promote self-reporting; and explaining the new “Active Share” metric and the investigation that led to its development.