Clifford Chance offers its view on the expected developments in the rapidly changing hedge fund industry in 2009.
Key developments in 2009 summarized below.
#1 – Hedge fund managers likely to be required to register
#2 – Hedge Funds Likely Will Be Required To Provide Certain Portfolio Information to the SEC and The Federal Reserve
#3 – Carried Interest Likely Will Be Taxed as Ordinary Income
#4 – Hedge Fund Managers will Need the Infrastructure to Manage Separate Accounts as Institutional Investors Demand More Control Over Their Portfolio
#5 – Back to the Future: More Fund Boutiques Pursuing Niche Strategies