Various themes around fund administrators were discussed in a Manhattan Alternative Investment Network webinar entitled, “Is Your Fund Administrator Meeting All Your Needs?” This article summarizes key takeaways from the webinar. #HFLR #fundadministrators

The NSCP sent a letter to the SEC's Crypto Task Force, focusing on 3 digital asset issues of importance to compliance professionals. The HFLR spoke to @enna Garver, who spearheaded the NSCP’s drafting of the Letter. This article summarizes the Letter.

The SEC charged a hedge fund adviser, its founder & a subadviser with concealing >$350 million in trading losses using multiple transactions with the subadviser & his affiliates to conceal losses & make it appear he had the requisite collateral balances.

Demand for qualified CCO candidates has never been higher. This 1st article in a 2-part series discusses current drivers & trends in the CCO market; the experience, skills & attributes firms want; & typical compensation ranges.

Akin #InvestmentManagement partner James Munsell speaks with @HFLawReport about the SEC’s Accounting and Disclosure Information 2025‑16 (ADI), providing legal analysis and key takeaways for fund managers. For more: https://t.co/x0RlFcIyLl #InvestmentFunds

The SEC released Accounting and Disclosure Information 2025‑16, which changes its longstanding position on restrictions & requirements applicable to CE‑FOPFs. The ADI is welcome but legal experts are divided on its practical significance for fund managers.

In many cases involving alleged Rule 105 violations, the SEC has required the respondent to disgorge profits from the subject short sale. But in the latest, the SEC did not seek disgorgement from a private fund adviser. This article examines the action.

As compliance requirements evolve, GCs become more critical for avoiding regulatory issues & operational risks. Those new responsibilities factor into the increased importance of in-house legal staff. This was discussed at a SIFMA compliance panel.

At a Sept. meeting, the SEC Investor Advisory Committee endorsed retail investor access to registered funds but reserved judgment on direct access to private funds. This article sums up the recommendations & distills remarks by Atkins, Crenshaw & Peirce.

The SEC’s amendments to Regulation S‑P require firms to adopt & implement incident response programs. In anticipation of the 12/3/25 compliance date, the SEC held an event to promote readiness for compliance. This article synthesizes the key takeaways.

FinCEN published a notice to push back the compliance date for the AML Rules for RIAs by two years. This article explores the impact on the proposed customer identification program requirements & presents practical takeaways.

The SEC created the Cyber and Emerging Technologies Unit, which has 7 new priorities. This article discusses cyber and AI securities enforcement on the horizon and distills six steps that firms can consider to prepare for CETU’s new priorities.

New hedge funds, on average, charged lower management fees in 2024 than those launched in 2023, Seward & Kissel found in its study of new manager hedge fund launches in 2024, released in May 2025. This article distills the study’s findings.

In July 2025, the U.K. published new carried interest tax rules, which will take effect April 2026. This guest article from FTI Consulting explains the motivation for the rules, the key changes embodied in them & the implications for hedge fund managers.

On Sept. 4, 2025, CFTC announced 6 settled enforcement actions under acting CFTC Chair Pham's compliance & remediation enforcement sprint initiative involving 10 firms that agreed to pay nearly $8.4 million in penalties. This article covers the actions.

On August 21, 2025, the NSCP sent the SEC a letter proposing the creation of a compliance advisory committee. The HFLR spoke to Lisa Crossley, the NSCP’s executive director and CEO, about the proposed committee framework.

FINRA proposed to amend Rule 2210 to provide an exemption to the ban on performance projections in written communications with investors. This article covers issues with the current rule, the proposed amendments & what the changes would mean in practice.

Seward &Kissel’s 3rd annual survey of established hedge fund managers examined managers’ strategy preferences; management fees & performance allocations; redemption rights; & fund structures.

The U.K.’s FCA & His Majesty’s Treasury have undertaken initiatives to improve the U.K.’s private funds regime while simultaneously reforming or abolishing vestiges of the E.U.’s AIFM Directive. This article sums up the proposed regulatory initiatives.

“The cover up is worse than the crime” comes to mind in 2 SEC settled enforcement proceedings against CCOs who provided SEC examiners with backdated documents; & fabricated & modified preclearance forms for personal trades. This article covers the cases.