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Hedge Fund Report: Summary of Key Developments - Spring 2010

March 11, 2010

By The Investment Management, Securities Litigation and Tax Practices

In response to nearly unprecedented disturbances and failures in the global capital markets in late 2008 and 2009, the Obama Administration, Congress and regulators are working on a variety of significant legislative and regulatory reforms. These reforms have the potential to significantly alter financial services regulation in the United States and beyond for years to come. Meanwhile, the Securities and Exchange Commission (the SEC) and private litigants have been busy sorting through the aftermath as evidenced by recent enforcement actions and litigation.

This report provides an update since our last report from September 2009 (

) on certain of these potential reforms, and highlights the most recent developments as they relate to the hedge fund industry. Paul Hastings lawyers are available to answer your questions on these, and any other, developments affecting hedge funds, their investors and their advisers.