Déjà Vu All Over Again: Proposal for Private Fund Adviser Registration

17 July 2009
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This client memo discusses the Obama Administration's proposed Private Fund Investment Advisers Registration Act of 2009, which would require investment advisers of private equity funds, hedge funds and other private investment funds, with very few exceptions, to register as investment advisers with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940.