What SEC registration means for Asian hedge funds

David Goldstein, New York-based partner at White & Case says the SEC''s new regulations may discourage boutique Asian hedge fund managers from marketing to the US.

Will Asian hedge fund managers with US investors have to register with the SEC

Goldstein The new SEC rules will require an offshore hedge fund manager to register with the SEC if it has 15 US clients or more. The new rules will be effective from February 2006. In the past, most hedge funds have escaped SEC registration because of the exemption for funds with less than 15 US clients. What the new rules have changed is the definition of a 'client.' Before, each private fund invested with an investment advisor was counted as one client. The new rules now require non-U.S. investment advisors to look through any non-U.S. private funds...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222