Pillsbury hosted a panel event for 100 Women in Hedge Funds on July 28 discussing conflicts of interests hedge fund managers face in managing multiple account types, such as funds, institutional separate accounts and sub-advised mutual funds. Kristin Snyder, Associate Regional Director for Examinations, San Francisco Regional Office of the Securities and Exchange Commission, emphasized that while the SEC does not expect advisers to have conflict-free business models, clear disclosure and effective mitigation of material conflicts are essential fiduciary duties of an adviser. Other panelists and representatives of hedge fund managers (Frank Martin, President, Standard Pacific Capital, LLC) and institutional investors (Michelle Young, Managing Director, Ohana Advisors), provided insights into identifying, assessing, mitigating, and managing those conflicts. Ildiko Duckor, Partner and co-head of Pillsbury’s Investment Funds and Investment Management group, moderated the panel and offered tips and comments on practical solutions to account conflicts.
Pillsbury partner Ildiko Duckor will participate in the 100 Women in Hedge Funds sponsored event titled “HOT topics in Compliance: Conflicts of Interests in Account Management and more” on July 28, 2015.
In quest for assets and investors, hedge fund managers continue to diversify their client base. When they are successful, they may end up with a broad spectrum of accounts: managed accounts, 40 Act registered funds and proprietary accounts in addition to hedge funds. With variety comes complication – from a compliance perspective.
Are your side-by-side account management procedures up to par?
Join us in a panel discussion with experts from the SEC, Legal/Compliance, and Managers/Investors highlighting just what you need to know about the following compliance hot button topics:
- Conflicts of interests in the center of the SEC’s focus – arising from trade allocations, expense allocations, related party transactions, side letters and proprietary account biases
- Best practices you should have in place now
- Investors’ main concerns during negotiations with the managers and what you need to know about their due diligence expectations
For more information, visit 100 Women in Hedge Funds.
Date & Time
6:00 pm PT
Pillsbury’s San Francisco office
Four Embarcadero Center
San Francisco, CA 94111
Kristin Synder, Securities and Exchange Commission
Frank Martin, Standard Pacific Capital, LLC
Michelle Young, Ohana Advisors
100 Women in Hedge Funds
The Financial Markets Association is hosting its annual Securities Compliance Seminar in Nashville, TN on April 23-25,2014. This seminar is intensive training for intermediate as well as seasoned compliance specialists, internal auditors, attorneys, and regulators that focuses on current compliance topics, new rules or interpretations and regulatory developments, including a Dodd-Frank regulatory update. The seminar gives attendees the opportunity to sharpen their skills through general and breakout sessions. Satisfy CLE/CPE requirements.
Click HERE to view the complete program.
The brochure is also available on FMA’s website, www.fmaweb.org.
The 4th Annual Excellence In Investing: San Francisco, in partnership with The Sohn Conference Foundation, will be held on October 23, 2013 at The Bentley Reserve. Excellence In Investing: San Francisco is the premiere Bay Area investor conference benefiting local and national education and other children’s causes.
Pillsbury and the California Hedge Fund Association invite you to join us on Thursday, April 25, 2013 for an educational program featuring Ms. Jan Lynn Owen, the Commissioner of the California Department of Corporations (DOC) and Person to be Announced from the U.S. Securities and Exchange Commission.
The Commissioner and her staff will discuss the new investment adviser registration rules that were recently adopted by the DOC, including the “exempt reporting adviser” provisions, the interplay between the DOC rules and those of the post-Dodd-Frank rules of the Securities and Exchange Commission.
This program will provide startup hedge fund managers and new investment advisers with the information they need to navigate the registration process, regulatory requirements, and examination focus of the DOC and the SEC, including:
- Eligibility for reliance on the “exempt reporting adviser” provisions and what that means in the registration process
- What the DOC and SEC expect to see in hedge fund manager and investment adviser compliance programs
- Examination and enforcement by the DOC and the SEC and coordination efforts between the two agencies
- Tax planning and compliance for fund managers at the state, local and federal levels
- New DOC and SEC rules in the concept or proposal stage aimed at investment advisers
Date & Time
3:30 pm – 4:00 pm PT
4:00 pm – 4:30 pm PT
Keynote: Jan Lynn Owen
4:30 pm – 5:45 pm PT
5:45 pm – 7:30 pm PT
Pillsbury’s San Francisco Office
Four Embarcadero Center
San Francisco, CA 94111
Jan Lynn Owen, Commissioner, California Department of Corporations
Host and Moderator
Jay B. Gould, Partner, Pillsbury
Jerry Twomey, Deputy Commissioner, Division of Securities Regulation, California Department of Corporations
Doug Bramhall, Tax Managing Director, KPMG
Kristin A. Snyder, Associate Regional Director–Examinations, Securities and Exchange Commission, San Francisco Regional Office
Pillsbury will be hosting back-to-back programs this month on compliance and regulatory challenges facing Chief Compliance Officers. The first program will be held on February 27, 2013 at Pillsbury’s San Francisco office. The second program will be held on February 28, 2013 at Pillsbury’s Los Angeles office. Each program will begin with a brief overview of the recent trend involving the SEC’s referral of enforcement matters against fund managers to the U.S. Department of Justice for criminal prosecution, which will be followed by a panel discussion on the following topics:
- Common compliance deficiencies and other “hot button” issues for SEC examiners
- The use of technology and service providers to simplify Chief Compliance Officers’ obligations and minimize liability
- Best practices in implementing a Code of Ethics (COE), including what should be in the COE and how employee activity should be monitored
- The implications of the U.S. Jumpstart Our Business Startups Act (JOBS Act) on compliance procedures and policies
We hope you can join us.
To register for the San Francisco office event, please click HERE.
To register for the Los Angeles office event, please click HERE.
Institutional Investor’s 19th Annual Alpha Hedge East Conference is excited to announce New Orleans’ own James Carville as a keynote speaker. Mr. Carville will present his views on American and international politics, with a focus on the second administration of Barack Obama, the divided Congress, and the challenges facing the major political parties and players.
Join us February 5-7, 2013 in New Orleans as we kick-off the 2013 conference season in style at the most educational and business-driven event on the winter calendar.
Recognizing the budgetary restraints in the industry, Institutional Investor is proud to offer a high-quality conference at an affordable rate.
A limited number of complimentary passes are available for qualified Public and Private Pension Funds, Pension Consultants, Foundations, Endowments, Family Offices and High Net Worth Investors. For more information, please contact Rinaldo Crassa at firstname.lastname@example.org or 212.224.3510. All passes are subject to approval.
We look forward to hosting you next month!
*Discount is only valid on registrations after January 9, 2013 and cannot be applied to prior purchases
Pillsbury will be hosting a Managers Only program on Wednesday, January 23, 2013. The program entitled “Challenges and Opportunities for Starting a Hedge Fund in 2013” starts at 3:30 p.m. and will be held at Pillsbury’s San Francisco office at Four Embarcadero Center, 22nd Floor. This event will be divided into two seminars. Panel 1 seminar – “Organizing and Operating a Startup Fund” will start at 4:00 p.m. to be followed by Panel 2 seminar – “Effective Capital Raising for Emerging Manager” at 5:15 p.m. For more information about this event and to register, please click HERE.
The 3rd Annual Excellence In Investing: San Francisco, in partnership with The Sohn Conference Foundation, will be held on October 24, 2012 at the Merchants Exchange, Julia Morgan Ballroom. Excellence In Investing: San Francisco is the premiere Bay Area investor conference benefiting local and national education and other children’s causes.
On August 30, 2012, Ildi Duckor and Michael Wu, members of Pillsbury’s Investment Funds and Investment Management practice, met with executives and staff of the California Department of Corporations at the Department’s invitation. The purpose of the meeting was to provide the Department’s investment adviser and broker dealer divisions (live in San Francisco and via teleconference in the Sacramento and Los Angeles offices) with a broad overview of the hedge fund industry. “We hope that a better understanding of the industry will help balance hedge fund managers’ business needs with the regulators’ need for investor and market protection, and will streamline both the adviser registration and the examination process” said Ildi Duckor. The Investment Funds and Investment Management team will continue to cooperate with the Department in an effort to provide industry insight with respect to future California regulation of hedge funds and their advisers.