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Entries tagged “Investment Funds”

Rimon Law Welcomes Private Fund Attorney Geoffrey Perusse as Partner in its San Francisco Office

News November 27, 2018
San Francisco- Expanding its Private Fund and Securities Advisor team, Rimon Law welcomes Geoffrey Perusse as a Partner on their Financial Services team in the firm’s San Francisco and Lake Tahoe offices. Mr. Perusse’s practice focuses on private fund formation, investment activities, securities regulation and compliance matters. He

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Rimon Law Welcomes Seasoned Transactional Lawyer Theodore Ghorra as Partner in its New York Office

News September 04, 2018
Rimon Law welcomes corporate and capital markets attorney Theodore Ghorra, who has closed hundreds of corporate and capital market transactions, as a Partner on their Corporate Team in the firm’s New York office.  Mr. Ghorra joins Rimon from Nixon Peabody LLP, where he was a Partner. Among the hundreds of transactions closed by Mr.

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Hedge Fund Advertising Law- Fundamentals and New Developments: CLE Video

Insight Mark Diamond Mark Diamond · January 20, 2014

On July 10, the SEC adopted a new rule lifting the ban on general solicitations and advertising for broker-dealers and for hedge fund and private equity fund offerings. This is a significant change from existing law and allows a fund to make its website more accessible to the public, to use social media, and to speak freely at conferences and seminars as well as to the press.

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The Impact of AIFMD on Marketing Alternative Investment Funds in the EU

Insight Mark Diamond Mark Diamond · May 28, 2013

Marketing to the EU by US Fund Managers and Third-Party Marketing Under AIFMD

The EU Alternative Investment Fund Managers Directive (“AIFMD”) goes into effect on July 22, 2013.  AIFMD regulates the marketing of alternative investment funds (“AIFs”) in the EU, directly or through third-party marketers.

Summary of AIFMD

Under AIFMD, EU alternative investment fund managers (“EU AIFMs”) may obtain a passport to market EU funds throughout Europe.  The pan-EU passport limits marketing to “professional investors” and, therefore, precludes EU AIFMs from marketing to retail investors.  (Retail investors may be able to purchase so-called “UCITS funds” which are not considered to be AIFs and are subject to a separate EU regulatory regime.)  EU AIFMs can, subject to certain equivalency requirements, begin marketing their non-EU funds in Europe under the passport beginning in 2015.  However, non-EU alternative investment fund managers (“non-EU AIFMs”) will not be eligible to use the pan-EU passport until at least July 2015.  Accordingly, from 2013 to 2015, European managers will enjoy a large competitive advantage because they alone will be able to market EU alternative investment funds to European investors under AIFMD.

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