Preparing Private Fund Managers for the Challenges of Regulation – Compliance Matters of Significance and Hot Button SEC Enforcement Themes

April 27, 2011
New York, NY

The Dodd-Frank Act eliminates, effective July 21, 2011, the "private adviser exemption" under the Investment Advisers Act of 1940, the provision that has enabled hedge fund and private equity fund managers over the years to have the ability to operate outside of the scope of the Advisers Act. For many, if not most of these managers, the loss of the exemption will mean having to deal with the myriad of challenges of a regulated world. In turn, meeting the challenges may well result in fundamental changes in these managers' business operations practices and compliance.

Join us for an intimate and intense discussion of the evolving implications of investment adviser registration for private equity and hedge funds managers and what regulation will mean for your business going forward.


Barry Barbash
Chair, Willkie's Asset Management Practice Group and former Director of the Investment Management Division of the SEC

Gordon Caplan
Co-Chair, Willkie's Private Equity Practice Group

Thomas Biolsi
Principal, PwC's Financial Services Regulatory Practice and the former Associate Regional Director for the Investment Management Inspection Program in the New York Regional Office of the SEC

Blair Flicker
General Counsel, Insight Venture Partners

The panel discussion will look at: exemptions from Advisers Act registration provided for in Dodd-Frank that may be available for private fund managers; disclosure issues of consequence for managers registering under the Advisers Act; thorny compliance issues; and SEC examination and enforcement hot buttons.