On February 19th, Andrew J. Donohue, Director, SEC Division of Investment Management, discussed the regulation of hedge funds and other private pools of capital and the need for legislative action in this area. Donohue Private Equity Remarks. On February 25th, Donohue discussed the duties owed by investment advisers, SEC rulemaking initiatives concerning investment advisers, and investment advisory enforcement cases. Donohue Investment Adviser Remarks.