Jenna Gottlieb
Reed’s amendment to the Senate’s financial regulatory reform bill would require private equity and venture capital fund managers with more than $100 million adviser to register with the SEC. The amendment would also ensure that the new advisor registration threshold does not weaken existing oversight.
Responding to administrative burdens, the State of Wisconsin Investment Board is seeking a consultant to help the pension monitor its sprawling private equity portfolio.
French and German foreign minsters have come out strongly against the ‘third country’ rules in the latest draft of the proposed EU regulations.
Erol Uzumeri, who oversees $10bn in private equity assets, is reportedly leaving the Canadian pension to launch his own investment firm.
The Health Care and Education Affordability Reconciliation Act of 2010, which President Obama signed into law 30 March, includes Medicare tax provisions that will negatively impact fund managers and investors.
The $10.2bn pension has invested in a core JPMorgan fund and a UBS private REIT.