Harvard Business Law Review (HBLR)

The Harvard Business Law Review (HBLR) aims to be the premier journal covering the laws of business organization and capital markets. HBLR will publish articles from professors, practitioners, and policymakers on corporate law and governance, securities and capital markets law, financial regulation and financial institutions, law and finance, financial distress and bankruptcy, and related subjects.

Hedge Funds

A Federal Fiduciary Standard Under the Investment Advisers Act of 1940: A Refinement for the Protection of Private Funds

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Download PDF Tyler Kirk† Introductory Note The appropriate role of the fiduciary standard in the financial industry has garnered a lot of attention of late. Lawmakers, investors, and industry are all adding their voices to the chorus that will eventually become the … [Read more...] about A Federal Fiduciary Standard Under the Investment Advisers Act of 1940: A Refinement for the Protection of Private Funds

The Crystallization of Hedge-Fund Regulation

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Download PDF Jeff Schwartz* Eleven months after Dodd-Frank was signed into law,[1] the SEC issued final rules pertaining to Title IV of the Act, which calls for the registration of advisers to hedge funds and similar private investment vehicles.[2] This brief essay looks at … [Read more...] about The Crystallization of Hedge-Fund Regulation

A Brief History of Hedge Fund Adviser Registration and Its Consequences for Private Equity and Venture Capital Advisers

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Download PDF William K. Sjostrom, Jr. Historically, hedge fund advisers have not had to register under the Investment Advisers Act of 1940 (the Advisers Act)[1] because of the private adviser exemption. This exemption applied to an investment adviser who (1) had fewer than … [Read more...] about A Brief History of Hedge Fund Adviser Registration and Its Consequences for Private Equity and Venture Capital Advisers