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Dec 14, 2009

U.S. Legislative Update: Why Real Estate Fund Managers Should Monitor Congressional Bills Targeted at Hedge Funds

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The financial reform legislation currently before the U.S. Congress targets hedge fund managers, but in doing so would strip away an exemption from U.S. investment adviser registration rules that is important to real estate fund managers as well. If real estate-focused fund managers were required to become registered investment advisers under the U.S. Investment Advisers Act of 1940 (the “Advisers Act”), they would find that compliance with the Advisers Act can impose significant burdens and expense.

Click here to view memo, U.S. Legislative Update: Why Real Estate Fund Managers Should Monitor Congressional Bills Targeted at Hedge Funds

Authors and Contributors

Malcolm K. Montgomery

Partner

Real Estate

+1 212 848 7587

+1 212 848 7587

New York

John L. Opar

Partner

Real Estate

+1 212 848 7697

+1 212 848 7697

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Paul Schreiber

Of Counsel

Investment Funds

+1 212 848 8920

+1 212 848 8920

New York