How California’s Pension Plan Disclosure Law, the SEC’s Rules and FINRA’s CAB License May Impact Hedge Fund Managers and Third-Party Marketers

October 13, 2016 – Media Mention
Hedge Fund Law Review

Richard Morris was featured in a Hedge Fund Law Review Q&A about how hedge funds are managing regulatory requirements put in place following the 2008 global financial crisis, such as new disclosure rules for state pension plan investors. Morris provided insight on California’s recent law requiring public pension plans to disclose certain fee and expense information about their investments in any private fund that is an alternative investment vehicle. Morris told the publication, “This legislation is one of those changing-tide type of events. Several states have proposed similar legislation. So far, California is the only one to have passed it, but I suspect that there will be greater demand for this fee transparency by other states and pension funds.”