PE Tech Report

North America

Oxford academic says USD20bn of hidden fees charged by private equity firms

Private equity firms have charged hidden fees amounting to USD20 billion to companies, while some of the firm’s partners have sat on the company’s board of directors, according to a new study. Dr Ludovic Phalippou, Associate Professor of Finance, Saïd Business School and his co-authors Dr Christian Rauch and Professor

SEC charges former Goldman employee with insider trading before mergers

The SEC has charged a former Goldman Sachs employee accused of stealing nonpublic information in the firm’s e-mail system so he could trade illegally in advance of client mergers and make more than USD450,000 in illicit profits.  The SEC has obtained an emergency court order to freeze the assets of

Innovation Birmingham signs MoU with DMZ at Ryerson University

The Minister of Trade for Ontario, Canada, together with representatives from the DMZ at Ryerson University, a major university-based incubator in Canada, has visited the Innovation Birmingham Campus to sign a Memorandum of Understanding (MoU). The MoU will set the context for a programme of joint initiatives that will enable

Grant & Eisenhofer Secures USD148m recovery for shareholders of Dole Food

In a decisive shareholder victory, the Delaware Court of Chancery has found that the two most senior officers of Dole Food Co breached their fiduciary duties in structuring a 2013 buyout of the iconic producer of fresh fruits and vegetables that drastically undervalued the company to the detriment of stockholders.

Money stack

Wells Fargo Advisors to pay USD5m penalty over control failures

Wells Fargo Advisors is to pay a USD5 million penalty to settle SEC charges that it failed to maintain adequate controls to prevent one of its employees from insider trading based on a customer’s non-public information. The SEC also charged Wells Fargo for unreasonably delaying its production of documents during

SEC charges PE fund advisor with misallocation of portfolio company expenses

The US Securities and Exchange Commission (SEC) has charged a New York-based investment advisory firm with breaching its fiduciary duty to a pair of private equity funds. According to the SEC charges the firm shared expenses between a company in one fund’s portfolio and a company in the other fund’s

IVP extends Managed Services model to include support for global regulatory filings

Indus Valley Partners (IVP) has extended its Managed Services offering to include regulatory filings for hedge funds, private equity funds and other alternative asset managers. IVP RAPTOR is a regulatory technology solution supporting over USD375bn in regulatory assets under management. IVP Managed Services will use this technology for supporting the

Regulation slows push for alternatives, says Cerulli

Regulation is slowing the push for alternative investments, according to research released by Cerulli Associates. "Alternative investments and other non-traditional asset classes are slowly becoming a larger part of the investment landscape," says Pamela DeBolt, associate director at Cerulli. "This acceptance is playing out in several areas: through increased allocations

Money and calculator

SEC sets securities registration fees for 2015

In fiscal year 2015 the fees that public companies and other issuers pay to register their securities with the Securities and Exchange Commission (SEC) will be set at USD116.20 per million dollars. The securities laws require the Commission to make annual adjustments to the rates for fees paid under Section

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