Forvis Mazars: This paper provides an overview of recent standard-setting activity by the SEC’s Division of Investment Management, reminders on newly effective rules, updates on the SEC’s regulatory agenda, recent enforcement actions, and exam priorities. Learn more…

The Miami Downtown Development Authority is fueling Downtown Miami’s economic boom by offering grants to businesses relocating or expanding within its vibrant districts. Grants are available for ground-floor retail and mid-sized businesses. Additionally, start-up companies can compete for a grant at our yearly pitch competition. Download PDF…

Today, FundBank Group announced that the European Central Bank issued an authorisation on 16 December 2024, allowing FundBank (Europe) S.A. to take up the business of a credit institution under the Luxembourg act of 5 April 1993 on the financial sector, as amended. Read more…

Forvis Mazars: This paper provides an overview of recent standard-setting activity by the SEC’s Division of Investment Management, reminders on newly effective rules, updates on the SEC’s regulatory agenda, recent enforcement actions, and exam priorities. Read more…

Forvis Mazars: To address unforeseen events and unexpected changes affecting their business, owners should consider having an ownership—or buy-sell—agreement to help mitigate a variety of risks. However, the execution and maintenance of these agreements can sometimes be an afterthought for owners, leading to ownership disputes that can result in costly litigation. Read more…

Citrin Cooperman: The market may look great in terms of committed capital but much remains dysfunctional. The story varies widely based on sector and by type of fund — things look very different to emerging managers and independent sponsors. The historically low levels of deals, despite 1.5x as much dry powder as six years ago, also suggests something will have to give. Read more…

FundBank, National Association (“FundBank, N.A.”) announced today that it has been approved by the U.S. Department of the Treasury’s Office of the Comptroller of the Currency to operate a national bank. FundBank, N.A. is headquartered in Austin, Texas, with a relationship management office in New York City, NY. The bank will commence operations with a limited number of initial clients and plans to fully open in mid-December. Read more…

Forvis Mazars: On October 21, 2024, the SEC’s Division of Examinations issued its 2025 Examination Priorities that support its stated mission—promote compliance, prevent fraud, monitor risk, and inform policy. The group will continue its focus on compliance, governance practices, and cybersecurity. Download the PDF below to see what investment advisers, investment companies, and broker-dealers need to know to prepare for upcoming exams. Read more…

The 2023 Seward & Kissel Established Manager Hedge Fund Study (the “Study”) focuses on those Seward & Kissel investment manager clients that have been in business for at least 5 years and manage greater than $1 billion in regulatory assets under management (“Established Managers”). See the Full Report

Is the rebound finally here? Data from 2024 shows middle-market PE-backed M&A on the rise. Hear what the latest numbers indicate about deal volumes and average multiples rebounding in this GrowthTV episode. Scott Linch, National Industry leader of Private Equity at Forvis Mazars, and Bob Dunn, managing director of GF Data, share what these numbers reveal about dealmaking for the future. Watch now!

On August 28, 2024, the SEC voted 3-2 to issue a final rule requiring monthly reporting of fund portfolio holdings by registered open-end funds, registered closed-end funds, and exchange-traded funds organized as a unit investment trust. Open-end funds also would be required to disclose details on service providers used for liquidity risk management. See the full report from Forvis Mazars.

The Hedge Fund Association, an international nonprofit trade and nonpartisan lobbying organization, announces the results of its 2024 HFA Global Board of Directors election. HFA members re-elected Bo Megginson and elected Alex Contreras and Leanne Golding as Directors. Read more…