VIDEO: What the SEC wants from your marketing docs

In this two-minute sponsored video, Withum‘s Tom Angell explains how GPs are presenting track records in order to stay on the right side of the SEC’s marketing rules.

The SEC’s focus on marketing materials is not changing how GPs calculate performance data, but it is “changing what they are displaying and how they are showing it,” says Angell, noting that managers had previously sometimes omitted net returns to investors –showing only gross returns – or cherry-picked only the best deals to showcase.