Jenna Gottlieb
Delegates spoke at PEI’s first Operating Partners Forum last week about the challenges of working with portfolio companies, recruiting issues and creating value.
Regulators will unveil details of a much-anticipated rule that bans most proprietary trading by banks.
The US president wants to raise $18 billion by taxing carried interest as ordinary income.
The US Republican presidential candidate said last week that he is in favour of comprehensive tax reform, which includes how carried interest is taxed.
US House of Representatives members Jared Polis and Mike Quigley sent a letter to President Obama strongly opposing a tax increase on carried interest.
The US regulator plans on raising the net worth required of an investor in order for advisors to charge performance fees.
The US Securities and Exchange Commission has ramped up its focus on private equity fund managers, looking at marketing materials, valuation metrics and side letters. These topics, among others, were covered at PEI's 2nd annual Private Fund Compliance Forum in New York.
New York Governor Andrew Cuomo has made permanent a ban on elected officials, lobbyists and placement agents from doing business with New York’s pension fund.
Now that the US Congress has avoided a government shutdown by passing a 2011 budget, attention shifts to the 2012 budget. A carried interest tax hike could be likely to help pay for other spending cuts.
The senior portfolio manager for CalPERS’ alternative investments programme will stay on until 31 March.