In The Hedge Fund Law Report, Investment Management Counsel Discusses Potential Changes to the DOL’s Fiduciary Rule

The second of a two part-series published by The Hedge Fund Law Report on Feb. 23 reviews the presidential memorandum issued on Feb. 3 instructing the Department of Labor to review the Fiduciary Rule. The piece considers the current status of the rule and the potential changes that the ramifications of these to hedge fund managers. There is no “silver bullet” that can easily eliminate the rule, investment management counsel David Tittsworth (Washington D.C.) outlines in the article. Mr. Tittsworth also notes that that any changes made to the final rule will follow protocol laid out in the Administrative Procedures Act, though there are a range of possibilities open to the DOL.