On May 1, 2008, the California Department of Corporations (CDC) refused to amend Rule 260.204.9 a rule which exempts California based investment advisers from state registration requirements if such investment adviser has at least $25 million of assets under management. The proposed amendment would have required all California based, non-SEC registered, investment advisers to register with the CDC. The proposed amendment was an attempt by the CDC to require the registration of certain hedge fund managers who are no longer subject to federal regulation due to the D.C. Circuit Courts decision in Goldstein v. SEC. The CDC explained its decision to reject the proposed amendment by citing public opposition and ongoing actions of federal regulators that could result in regulation for those investors described above. The CDC stated that approving the proposed amendment would be premature, and did not rule out instituting the amendment in the future.
ILG Ranked #2 Globally for 2021-22 Hedge Fund Launches
ILG is pleased to be ranked the #2 law firm globally for hedge fund launches serviced over 2021 and H1 2022, cementing our place among the top global hedge fund law practices.
2021 Year In Review — Financial Markets and Hedge Funds — And a Look Ahead at 2022
2021 Year In Review — Financial Markets and Hedge Funds — And a Look Ahead at 2022 Closing the books on 2021, investors are reconsidering their investment portfolios in light…
Investment Law Group Announces Addition of Bill Winter to Firm’s Corporate Practice Group
ILG is pleased to announce the addition of Bill Winter to expand the firm’s growing Corporate Practice Group.