The Honorable Susan Illston of the United States District Court for the Northern District of California on July 14, 2011 ordered former TPG Capital, LP (TPG) private equity associate Vinayak S Gowrish to pay in excess of USD112,000, consisting of USD12,000 in disgorgement (with interest to be calculated thereon) and

The Alternative Investment Management Association is to engage with US policymakers and supervisors over the implementation of the Dodd-Frank Act.  Aima has set out several key areas of focus ahead of September meetings with US policymakers and supervisors regarding the Act. These include the registration of hedge fund managers and

Almost two years since the near collapse of the global financial markets, President Barack Obama has signed into law the most sweeping regulatory reform legislation since the great depression – the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The most significant effect on investment advisers, who have business in

The Alternative Investment Management Association says that while some details and definitions contained in the US Dodd-Frank Bill remain to be clarified, it supports those parts of the bill relating to the registration of hedge fund managers. It also supports the periodic reporting by managers to supervisors in the interests

Two-thirds (67 per cent) of private equity executives expect the US government’s new tax proposal on carried interest to pass, according to a study by accounting and consulting firm BDO Seidman. Private equity executives report that the passage of the proposal, which would raise the tax on carried interest from

The Managed Funds Association has reaffirmed its support for action by federal policy makers intended to reform, strengthen and modernize America’s system of financial regulatory oversi

The Obama Administration has announced proposed legislation that would require all advisers to hedge funds and other private pools of capital, including private equity and venture capit