This is a webcast of the live New York session.
Why you should attend
In 2012, hedge funds and their managers faced their first year of operations under new regulations enacted under Dodd-Frank. New entrants to the hedge fund industry now had large barriers to entry; existing managers had to deal not only with new regulations but many were also forced to grapple with regulatory investigations and insider trading allegations. At the same time, hedge fund managers had to continue to deal with the day-to-day operational issues of running a hedge fund operation (such as relationships with prime brokers) and explore strategies for addressing new business issues, such as expanding their business to include regulated funds or selling a portion of their business to an outside investor.
What you will learn
- How are hedge funds typically formed and structured?
- How have new registration and disclosure requirements affected hedge fund managers?
- What happens when a hedge fund manager suspends redemptions or liquidates a fund?
- How can hedge funds improve their prime brokerage relationships?
- What are the issues when buying or selling a hedge fund manager?
- What are the issues when expanding into U.S. registered hedge fund business?
Who should attend
Attorneys, hedge fund counsel, compliance and other professionals currently working in or interested in the hedge fund industry will benefit from this program.
PLI Group Discounts
Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact firstname.lastname@example.org or call (800) 260-4PLI.
PLI Can Arrange Group Viewing to Your Firm
Contact the Groupcasts Department via email at email@example.com for more details.
All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.
All times are E.D.T.
Morning Session: 9:00 a.m. - 1:00 p.m. (E.D.T.)
9:00 Introduction and Welcome
9:15 Featured Speaker
- New registration and reporting obligations for hedge fund managers
- SEC examinations of hedge fund managers
- Compliance issues for hedge fund managers including conflicts, fees, risk management and disclosure
9:45 Hedge Fund Structures
- Basic terms for hedge funds
- Domestic and offshore structures
- Developments regarding fee arrangements
- Fundraising activities, private placement requirements, pay-to-play issues
Michael Treisman, Caroline Williams
10:45 Networking Break
11:00 The Regulatory Environment
- Registration requirements for hedge fund managers
- Form PF and other new reporting requirements
- Extraterritorial application of registration requirements
- European regulatory developments affecting hedge funds
Stuart J. Kaswell, W. Danforth Townley
12:00 Compliance and Operational Issues
- Major operational and legal risks for hedge funds
- Information walls - when are they needed?
- Valuation issues
- Risks regarding expert networks
- Developing effective compliance programs
Thomas A. Biolsi, Jessica A. Davis, Marc Wyatt
Afternoon Session: 2:00 p.m. - 5:15 p.m. (E.D.T.)
2:00 Hot Topics for Hedge Fund Managers
- Prime brokerage issues
- M&A involving hedge fund managers
- Managing registered funds side-by-side with hedge funds
Harry Jho, Nora Jordan, Andrew Siegel
3:00 Networking Break
3:15 Dodd-Frank Regulations Affecting Swaps
- New CPO/CTA registration requirements
- Trading and clearing of swaps and derivatives
- Treatment of FX transactions
- Regulatory responses to MF Global
Michael J. Drayo, Susan C. Ervin
4:15 Managing Hedge Funds in Crisis
- Gates and suspensions
- Side pockets
- Liquidation of funds
- Regulatory investigations
Stephanie R. Breslow
~ Director, Division of Investment Management, U.S. Securities and Exchange Commission
Jessica A. Davis
~ Senior Managing Director, General Counsel & CCO; Co-Head of Operational Due Diligence, Protégé Partners, LLC
Stuart J. Kaswell
~ Executive Vice President & Managing Director, General Counsel, Managed Funds Association
~ Partner and General Counsel, Perella Weinberg Partners
W. Danforth Townley
~ Attorney Fellow, Division of Investment Management, Davis Polk & Wardwell LLP
~ Senior Specialized Examiner, Office of Compliance Inspections and Examinations, U.S. Securities & Exchange Commission
PLI makes every effort to accredit its Live Webcasts. Please check the CLE Calculator above for CLE information specific to your state.
PLI's Live Webcasts
are approved for MCLE credit (unless otherwise noted in the product description
) in the following states/territories: Alabama, Alaska, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois, Indiana1
, Iowa*, Kansas*, Kentucky*, Louisiana, Maine*, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, New Hampshire*, New Jersey, New Mexico, Nevada, New York2
, Oklahoma, Oregon*, Pennsylvania4
, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia5
, Virgin Islands, Washington, West Virginia, Wisconsin, and Wyoming*.*PLI will apply for credit upon request.
Arizona: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
Arkansas and Oklahoma: Audio-only live webcasts are not approved for credit.
1Indiana: Considered a distance education course. There is a 6 credit limit per year.Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
2New York: Newly admitted attorneys may not take non-transitional course formats such as on-demand audio or video programs or live webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
3Ohio: To confirm that the live webcast has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per biennial compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
4 Pennsylvania: A live webcast may be viewed individually or in a group setting. Credit may be granted to an attorney who views a live webcast individually. There is a 4.0 credit limit per year for this type of viewing. A live webcast viewed in a group setting receives live participatory credit if the program is open to the public and advertised at least 30 days prior to the program. Live webcasts viewed in a group setting that do not advertise at least 30 days prior the program will be considered "in-house", and therefore denied credit.
5Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, refer to your state CLE website or call Customer Service at (800) 260-4PLI (4754) or email: firstname.lastname@example.org.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.