HedgeFundMarketing.org Forecasts Bigger Legal Departments in Wake of New Regulations

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Improved Compliance Programs Essential for Hedge Funds Managers

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Many regulations affecting hedge funds and private equity firms have yet to take effect, which suggests a positive employment outlook for attorneys with the right credentials.

Since the July 2010 passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, hedge fund firms and their managers have struggled to meet the constant flow of compliance-relevant information. Given the sweeping scope of the legislation, the Hedge Fund Marketing Alliance expects many in the hedge fund industry will make rules and regulations a component of their daily routines, and will find it more cost effective to bring the necessary legal talent in-house.

Under the terms of Dodd-Frank, any private equity firm or hedge fund with assets of $150 million or more must register with the SEC. The legislation includes 398 requirements, which are spelled out over more than 7,000 pages.

“Much of the regulation affecting hedge funds and private equity firms has yet to be implemented, which suggests a positive employment outlook for attorneys with the right credentials,” said David Kochanek, publisher of HedgeFundMarketing.org. “The litany of rules that followed the 2010 legislation presents a critical challenge to firms, which may choose to bolster their in-house compliance departments to meet the new reporting obligations.”

Kochanek continued, “Bottom line? It’s essential that firms and fund managers improve their compliance programs, as soon as possible. We believe the demand for lawyers with regulatory experience, particularly those with Dodd-Frank expertise, is growing and will be in high demand for years to come.”

About the Hedge Fund Marketing Alliance

Since 2001, HedgeFundMarketing.org was designed for hedge fund professionals, financial advisors, investment consultants, and other professionals who are involved in the placement or distribution of hedge funds. Investment professionals can find information and articles designed to help fund managers raise capital and build strong investor relationships.

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