Regulatory Compliance Association Reviews

’40 Act Funds: Practical Implications for Alternative Managers

Practice Edge 02

’40 Act Funds: Practical Implications for Alternative Managers

Date: May 14, 2014
General Session: 12 Noon to 1:30 PM
Location: Webcast (Free)

Interested in CLE or CPE (A & A hours), attend via the RCA’s Online University (On Demand) – free for Practice Edge Elite Members

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Shearman & Sterling Investment Funds partner Nathan Greene will host a Regulatory Compliance Association PracticeEdge Session on ’40 Act Funds and practical implications for alternative managers looking to enter the ’40 Act space. In recent months, many high-profile private fund management firms have begun to offer retail funds, and news articles regularly note that “registered alternatives” are expected to be one of the top mutual fund offerings of 2014.

Students will master the following within this class session:

  • Historical and anticipated “registered alternatives” asset growth;
  • Key issues when planning a ’40 Act fund business approach, including choice of fund structure;
  • The pros and cons of stand-alone trusts and series trusts;
  • Applicable fund disclosure and SEC registration requirements, including an expected timeline for SEC registration;
  • Portfolio and operational requirements, including trading infrastructure and valuation; and
  • Distribution and marketing issues

Session Chairman:
Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association

Senior Fellow from Practice:
Nathan Greene, JD, Investment Funds Partner, Shearman & Sterling

Guest Lecturers:
Deirdre Fortune, Tax Managing Director, KPMG
Steve Hoffman, Senior Vice President, Citco
Thomas Kennedy, JD, Chief Compliance Officer, Arden Asset Management

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