General Advertising of Private Investment Funds

An 80-year ban on general advertising and solicitation of private investment funds is coming to an end. The revised SEC rules apply to hedge funds, private equity groups, venture capital... [...]

The U.S. Securities and Exchange Commission’s Division of Investment Management has recently offered guidance with regards to Fund Advisers serving “at cost” or for no compensation (No. 2013-09 Oct 2013).... [...]