In advance of the US Securities and Exchange Commission’s anticipated adoption of a set of final rules that would impose tough regulations on private equity, real estate, and hedge funds, partner Christine Lombardo spoke with the Financial Times on such rules’ potential impact on the global private funds industry.
“The changes would be the most significant overhaul since at least the 2010 Dodd-Frank financial reform law for an industry with $25tn in assets, and ‘potentially ever,’” said Christine. “For the first time, really, the SEC, especially in the institutional space, [would be] effectively dictating what terms you can and can’t give in the context of institutional arrangements between private fund managers and their investors.”
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