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USA - August 1 2012
In yet another example of a private fund manager expanding its businesses to include registered investment funds, KKR Asset Management LLC (a subsidiary of Kohlberg Kravis Roberts & Co. L.P.) recently made filings with the Securities and Exchange Commission (the “SEC”) to register three newly-formed funds under the Investment Company Act of 1940 (the “1940 Act”).
USA - February 10 2012
Yesterday, the Commodity Futures Trading Commission ("CFTC") issued a final rule that rescinds the exemption from CFTC registration for commodity pool operators ("CPOs"), which is currently provided in CFTC Rule 4.13(a)(4).
USA - October 28 2010
Avenue Capital Group and other credit managers are looking to the U.S. public capital markets to raise assets for permanent capital vehicles.
USA - June 16 2009
The staff of the Securities and Exchange Commission (the "Staff") recently issued a no-action letter to College Retirement Equities Fund ("CREF") allowing a money market account portfolio (the "Fund") to use the amortized cost method to value its portfolio securities despite the Fund not maintaining a constant share price.
USA - June 16 2009
On January 13, 2009, the Securities and Exchange Commission (the "Commission") adopted several amendments to the registration form for open-end funds that require exchange-traded funds, or ETFs, to disclose additional information in their prospectuses intended for retail investors who purchase ETF shares in secondary market transactions.
