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The compliance burden is increasing again for many private fund managers. FinCEN has proposed a rule requiring registered investment advisers to implement anti-money laundering (AML) programs, and detect and report suspicious activity.

When you launch a hedge, private equity, or venture capital fund, you are also starting a small business. One of the major decisions facing an investment manager is determining what functions to perform internally and those that should be outsourced.

The UK Prime Minister raised the prospect of the UK leaving the EU by Spring 2019 in what is being termed a ‘hard’ Brexit. This article provides an overview of some key considerations relating to Brexit for U.S. investment managers.

As a source of investment capital, Europe is a key market for hedge funds. It is estimated that total assets under management (AUM) in Europe increased and reached an all-time high. Total assets of the continent’s asset management industry grew 74% between end 2008 and end 2014.

As the U.S. moves closer to the internationally accepted Anti-Money Laundering (“AML”) and Know Your Client (“KYC”) standards, investors are left with the questions about what happens to their personal confidential information.

Emerging markets can be highly profitable but involve certain risks. In developed markets, investors often limit the scope of operational due diligence to traditional financial and tax issues. This approach may fall short to uncover important information in an emerging market.

With the second quarter dominated by the Brexit vote, investors are rethinking their upcoming alternative investment allocations on the heels of which strategies are expected to outperform; and which are expected to struggle.

ASU No. 2014-11 requires certain additional financial statement disclosures for funds that enter into repo lending transactions. The ASU does require additional disclosures for all repurchase agreements and security lending transactions as follows.

A liquidating trust may be an effective method for a fund manager to wind down a fund without having a significant role in the liquidation. Fund managers should consult with tax advisors to make sure that this type of entity makes sense for the situation.

As we gear up for tax filing season, we highlight Asset Management items. California drafted amendments to have its receipts factor to include market-based sourcing concepts as they relate to asset management firms. 15-year qualified asset treatment for leasehold improvements considerations.

The introduction of the Common Reporting Standard will affect Irish domiciled funds in 2016 and beyond. The Common Reporting Standard effectively applies FATCA principles on a global scale. What are the differences between FATCA and the Common Reporting Standard?

Actions brought by the SEC’s OCIE in 2015 highlight themes of importance to managers of private investment funds such as SEC enforcement actions that relate to Chief Compliance Officers and cybersecurity requirements. Priorities for 2016 include a continued focus on cybersecurity.

Long/short equity hedge funds have been and are expected to continue to be the most popular strategy to launch. Funds are going to run into more barriers raising money this year. Investors in general are slated to pay more attention this year to smaller-to-medium-sized managers.

With regulatory changes, it’s become increasingly difficult for hedge funds and alternative managers to fund their portfolios and borrow securities but all hope is not lost. Liquid, balanced portfolios are still in demand at prime brokers. So what matters to a prime broker?

Pre-and post-New York corporate reform tax changes and the transformation in the treatment of investment capital that impacts funds and fund managers that may have one or more corporate partners that are subject to the corporation income tax.

Federally registered investment advisers are required to address actual and potential conflicts of interest inherent in the operations of their advisory business. All registered investment advisers’ reviews this year will be impacted by the following SEC regulatory initiatives.

Alternative investment industry outlook update. Hedge funds are expected to face the worst year since the 2008 but institutional investors are still interested in the alternative asset class. New offerings in the private equity and venture capital space are slated to keep increasing.

Although emerging hedge funds have (on average) the best alpha during their early years, they find it more difficult than ever to raise capital. Here are the challenges emerging hedge funds face and the potential opportunities for emerging managers.

Historical background and context of state income taxation of cross-Border asset management services. How the rules have changed with factor presence nexus and apportionment. Information on cross-border asset management services state income taxation.

Market trends that are helping Ireland develop as the location of choice for private equity asset managers. Ireland is already viewed as a leading location for hedge funds and structured finance and may cement its reputation as the home of alternative investments.