January 31, 2012
SEC Confirms Guidance on Registration of Affiliates of Registered Investment Advisers
Summary: The Securities and Exchange Commission (the “SEC”) recently released a no-action letter regarding various issues regarding the status under the U.S. Investment Advisers Act of 1940 (the “Advisers Act”) of certain private fund general partners and investment advisers that related to investment advisers that are registered with the SEC.