SEC says adviser didn’t reveal SPAC conflicts

IA fails to disclose SPAC-related conflicts.

Perceptive Advisors settled charges with the SEC, which said the investment adviser did not provide sufficient disclosure to its private fund investors of conflicts of interest it had relating to investments in SPACs, writes Hugh Kennedy.

Valuations: Last week, we published a broken link for this guest column, so we’re publishing it again, with apologies. In it, Jeremy Krasner, managing director of advisory firm Stout, outlines the ways in which using a transaction price to value an acquisition (the implied value) can cause all sorts of problems for managers down the road, from reporting to compensation.

Email prepared by Tom Auchterlonie