Bill Myers
Bill Myers is Regulatory Compliance Watch’s editor. He focuses on private equity and hedge funds, based in our Rockville office. He’s been a newsman for two decades in Chicago, Cambodia and Washington DC.
A new bill would, if signed, require private fund managers to get the state attorney general’s approval for healthcare transactions.
‘The private equity industry has been subject to a public discourse that makes the industry a convenient target, but not a valid one,’ Simpson Thacher partner Abram Ellis says.
With SEC rules scuttled, the Institutional Limited Partners Association is seeking 'something that the industry can work together on collaboratively', according to its managing director of industry affairs.
In wake of Fifth Circuit decision, rules should be scrapped or carve out private fund managers, groups claim.
The Court's decision hands a big victory to private fund managers while rifts in the LP community may have aided the downfall of the regulatory package.
‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
A decision is soon due on industry groups' legal moves to block the US Securities and Exchange Commission’s sweeping private fund rules.
The lead attorney for six trade groups has warned an appellate panel that the SEC's sweeping rules will cost industry $5.4bn per year if left standing.
Many LPs are still tepid on the final rules and still appear to want the US regulator as a referee.
On accelerated monitoring fees and indemnities, regulators discover they have had the power all along – bad news for those who would have challenged the relevant initial proposals from the SEC in court.