There are growing concerns that hedge funds, referred to as the “gold rush of the 21st century,” are troubling investments for pension funds.1 For instance, pension funds have decreased their investments in hedge funds by 25% from 2011 to 2014. 2 In September 2014, Calpers, the California Public Employees’ Retirement System, stunned the investment world…
Author: Paul Kim
Delays in the Volcker Rule
The Volcker Rule was introduced in 2010 as one of the key backbones to the Dodd-Frank Act1 The rule was to prohibit banks from engaging in speculative trades and certain investments, a well-known cause to the financial collapse of 2007-2008 (Id.) However, the implementation of the Volcker Rule was recently delayed again until 2017, as…
Rise of Strategic Buyers May Bench PE Funds
Strategic buyers are back at the negotiating table for middle-market deals with a serious appetite, as they closed 1,251 deals valued at $144.4 billion in the first three quarters of 2014.1 This is an 8 percent increase from last year in terms of the deals closed and a 12 percent increase from $129.3 billion in…
Citi Faces (a Very Minor) Slap on the Wrist
In response to the financial crisis of 2007-2008, Congress passed the Dodd-Frank Act to bolster financial regulations and monitor Wall Street behavior. Included in the Act were amendments to Rule 506 of the Securities Act of 1933.1 Rule 506 is part of the Regulation D exemption, which allows issuers to raise capital for private offerings….