Partners Christine Lombardo and Christine Schleppegrell are quoted in a FundFire article about the US Securities and Exchange Commission’s recently adopted private fund regulations. Christine Lombardo noted that fund managers will have to determine whether preferential treatment will have a negative impact on investors.
“This will be a big change for managers and a big change for certain institutional investors,” she said.
Christine Schleppegrell pointed out that historical practices and arrangements with repeat investors and negotiating dynamics used by hedge funds could be affected once the rules take effect.
“It could be a major shift and speaks to how much there needs to be coordination, not just between legal and compliance but the investor relations folks at funds,” she said.