Ropes & Gray Attorneys Provide Interpretation of SEC’s Proposed Extension for Investment Adviser Registration
On April 8, the SEC indicated that it is considering extending the compliance date for investment adviser registration for currently unregistered private fund advisers from July 21, 2011 until the first quarter of 2012. The extension, which has not been formally instituted at this point, would have important implications for most U.S. private equity, hedge fund and other private fund advisers, who historically have been exempt from registration.
Ropes & Gray attorneys quickly responded to this news with a client alert on the issue, and were sought for commentary by several influential publications, including:
- Investment management partner Jason E. Brown conducted a question and answer session with WSJ.com, posted on April 11. Brown also was quoted in Private Equity Hub on April 8, Private Equity International on April 9 and Mergers & Acquisitions on April 12;
- Hedge funds partner Joel Wattenbarger was quoted in Pensions & Investments on April 8; and
The investment management and hedge fund practices at Ropes & Gray are among the largest and most diversified of any U.S. law firm. The principal focus is the representation of investment companies, investment advisers, hedge fund sponsors and purchasers of derivatives and commodities instruments. Approximately 150 Ropes & Gray lawyers devote all or a significant portion of their time to the investment management and hedge fund area.