CohnReznick – The SEC has proposed new rules that would require investment funds and advisors to implement written cybersecurity programs that address mounting cybersecurity risks. The rules, if passed, would also require funds and advisors to publicly report “significant” security incidents and provide documentation of cybersecurity risks. Read more…

CohnReznick – The SEC recently proposed new regulations for the private fund industry that would require annual audits and quarterly investor account statements, expand “prohibited activities,” limit preferential treatment, and other key changes. The proposals are intended to “enhance the regulation of private fund advisors and to protect private fund investors by increasing transparency, competition, and efficiency,” the SEC wrote in its release. Read more…

Citrin Cooperman: As the popularity of cryptocurrencies continues to grow, cyber criminals have taken notice. One threat to cryptocurrency is a nefarious tactic called cryptojacking. The following frequently asked questions will provide an overview of this topic. Read more…

Harbour – 2022 marks a significant milestone for Harbour (The Harbour Trust Co. Ltd.), a leading fund governance firm, as they celebrate 40 years of providing professional services in the Cayman Islands. Harbour has a longstanding and well-established presence in the fund industry, both in the Cayman Islands and around the globe. The firm was established on March 4, 1982 and licensed with the Cayman Islands Monetary Authority (“CIMA”) the same month. Since then they have grown from three people to their present group of 14 multi-talented professionals, all while continuing to expand and diversify their service offerings. Read more…

ESG Playbook – Supply chain shortages were the focal point of 2021 and continue into 2022, advancing the era of environmental, social, and governance on a global stage. The supply chain squeeze has spanned across multiple industries, pushing the inflation rate in the U.S. to the highest level since 1982. There is uncertainty concerning when the supply chain bottleneck will ease. However, one thing that we ascertain is that ESG will be here to stay and reshape the supply chain landscape over the long run. As ESG goes mainstream, a few breakthrough developments are underway. Read more…

Wilshire Phoenix – The metaverse has often been referred to as a type of virtual reality (VR) where users can interact with each other in a computer-generated environment. The metaverse can be an immersive experience where virtual worlds can allow users to work, play and have experiences that are nearly limitless. Read more…

Wilshire Phoenix – The U.S. economy experienced significant growth in 2021 on the shoulders of vaccine efficacy and return to normal for many. From concerts and sporting events to restaurants and travel, each of those industries, among others, saw profound benefits by rebounding from being shut down almost entirely in 2020.  Read more…

TriNet: It’s 2022 and if the last two years have taught us anything, it’s to expect the unexpected. This year is already bringing more pandemic-related challenges for many and nobody can predict what else may come.

It’s no secret that the business environment shifted dramatically throughout 2020 and 2021, and the HR landscape has been no exception. Read more…

Seward & Kissel LLP – The COVID-19 pandemic continued to present unique challenges for new managers, investors and allocators. However, we saw managers begin to overcome fundraising challenges prevalent in the early stages of the pandemic. The 2021 hedge fund industry was extremely active as participants were eager to take advantage of recent market opportunities. Read more…

UMB Fund Services: The unlisted closed-end fund structure—primarily interval funds and tender-offer funds—allows asset managers to access the mass affluent market while addressing the liquidity challenges of alternatives and illiquid securities. Read more…