Countdown to San Fran! City Treasurer José Cisneros is among the headliners for our Private Fund Compliance Forum next week. You can see the speakers here.
Speaking of compliance, Philippa Kent asks this morning what managers can learn from a $33 million settlement with the SEC. The answer: it comes back to the old question of fiduciary duty. Simply disclosing a conflict is not enough; private fund sponsors must always act in their clients’ best interests.
Email prepared by Toby Mitchenall.