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June 2018 Archives

Hedge Fund Adviser Inflated Fund Performance, but Even Firms in Compliance Need to Be Cautious

counsel review.jpgThe SEC recently announced charges against an investment adviser, Premium Point Investments LP, and accused the adviser of engaging in intentional fraud - you can read the SEC's litigation release and find its Complaint containing the charges here. The SEC alleges that the fund's manager and a number of employees and partners colluded to inflate the value of funds beyond their true value, all in order to exaggerate returns, retain investors and hide poor fund performance.

Looming Deadline for Share Class Selection Disclosure -- FAQs and What Firms Need to Know

question-mark-1495858_1920.jpgWith the issue of investment advisers putting their clients into higher-fee share classes when a low-cost option is available continuing to be a problem - and the subsequent Share Class Selection Disclosure Initiative developed to combat the problem on a voluntary basis - the SEC has released an FAQ to help firms answer questions they may have about self-reporting share class violations. You can read the full FAQ here.

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