March 26, 2021 Alert

Hi all,

Below are this week’s alerts for the Investment Network.  Enjoy!

This Issue’s Topics:

  • JOB: Investment Company Institute: Counsel (Full-Time)
  • HFA Seeks Nominations to Global Board of Directors
  • SEC FAQ: Marketing Compliance Frequently Asked Questions
  • NFA Interpretive Notice: NFA Compliance Rules 2-9 and 2-36: Members’ Use of Third-Party Service Providers
  • Proposed NFA Compliance Rule 2-50 and Related Interpretive Notice: CPO Notice Filing Requirements
  • 100 Women in Finance Webinar: FundWomen: The Investment Case for Diverse Lens Investing
  • FREE: Understanding the Digital Asset Market – Intro to Blockchain, Cryptocurrency and Today’s Institutional Landscape
  • FREE: Women In Derivatives (WIND): 6th Annual Washington Update
  • 100 Women in Finance Webinar: FundWomen Series: Closing the Funding Gap for Female Fund Managers and Female Entrepreneurs
  • PEAK Webinar: The Annual Meeting: Best Practices for Virtual & Moving Forward
  • Join the New NSCP Blockchain & Fintech Roundtable Monthly
  • PEAK Webinar: The Rise of Co-Investing by LPs in Early-Stage Tech: Why it’s Happening & Where it’s Headed
  • FREE: TABB Forum & Global DCA: Crypto Connection 2021

Opportunities:

JOB: Investment Company Institute: Counsel (Full-Time)
Washington, DC

ICI Global carries out the international work of the Investment Company Institute, the leading global association of mutual funds, ETFs, and other regulated funds. The Investment Company Institute encourages adherence to high ethical standards, promotes public understanding, and works to advance the interests of funds, their shareholders, directors, and advisers. ICI Global has offices in London, Brussels, Hong Kong, and Washington, DC.

Under the direction of the Chief Counsel, ICI Global, this position is responsible for representing the Institute and the investment company industry on global issues and policy initiatives as well as supporting the Chief Counsel in representing the Institute on foreign investing and foreign market matters before foreign regulators and legislators and, as appropriate, US regulators and legislators. This individual also helps to coordinates and integrate staff resources and subject-matter expertise needed to advance the policy and other interests internationally of the broad ICI membership, including current and prospective non-US and US fund members of ICI.

For more information, click here.

HFA Seeks Nominations to Global Board of Directors
Nomination Process Closes Wednesday, March 31, 2021, 4:00 P.M. CT

Interested in a leadership role within the alternative investment industry? Nominations are now being accepted for HFA’s annual Global Board of Directors election.

The Hedge Fund Association, Inc. (“HFA”) is a 501(c)(6) non-profit trade and non-partisan lobbying organization. Our global mission is to advance transparency, development and trust in alternative investments. All HFA Directors are unpaid volunteers elected by current HFA members and serving for 3-year terms. This year’s election will fill 5 Board positions.

In order for your nomination to be considered effective, your HFA membership must be paid in full by Wednesday March 31st at 4:00 P.M. CT.

Qualifications for nomination to HFA’s Board of Directors:

  • Current HFA membership and have a significant business role and experience working in the field of private investment funds.
  • Recent participation including attendance at multiple HFA events preferred.
  • Agree to pre-vetting and background checks by HFA.

Expectations:

  • Agree to participate in monthly Board of Directors calls and annual in-person meetings.
  • Join an HFA committee and actively participate in achieving its goal.
  • Regularly promote HFA membership, announcements, sponsorship and events.
  • Adhere to HFA’s bylaws, leader agreement, standards of conduct, and other policies.
  • Make best efforts to align with fellow leaders to accelerate HFA’s global mission.

For more information, click here.

Publications/Notices:

SEC FAQ: Marketing Compliance Frequently Asked Questions
Updated March 18, 2021

The staff of the Division of Investment Management of the Securities and Exchange Commission (“SEC”) has prepared it first response to questions related to the adoption of amendments to rule 206(4)-1 under the Investment Advisers Act of 1940 relating to the New Marketing Rule. The staff expects to update this document from time to time to include responses to additional questions.

To read the FAQ, click here.

NFA Interpretive Notice: NFA Compliance Rules 2-9 and 2-36: Members’ Use of Third-Party Service Providers
March 24, 2021

A new National Futures Association (“NFA”) Interpretive Notice requires each Member outsourcing certain of its regulatory functions to adopt and implement a comprehensive supervisory framework over its outsourcing function to mitigate outsourcing-related risks. The Interpretive Notice will become effective on September 30, 2021. 

To read the notice, click here.

NFA Proposed NFA Compliance Rule 2-50 and Related Interpretive Notice: CPO Notice Filing Requirements
March 5, 2020

Pursuant to Section 17(j) of the Commodity Exchange Act (“CEA”), as amended, NFA has submitted to the Commodity Futures Trading Commission (“CFTC”) the proposed adoption of NFA Compliance Rule 2-50 and the related Interpretive Notice entitled NFA Compliance Rule 2-50: CPO Notice Filing Requirements.

NFA invoked the “ten-day” provision of Section 17(j) of the CEA and planned to make NFA Compliance Rule 2-50 and the proposed Interpretive Notice effective as early as ten days after receipt by the CFTC, unless the CFTC notifies NFA that the CFTC has determined to review the proposal for approval.  As of the date of this alert, the effective date is yet to-be-determined.

To read more about the proposal, click here.

Events:

100 Women in Finance Webinar: FundWomen: The Investment Case for Diverse Lens Investing Wednesday, March 31, 2021, 7:00 A.M. CT

Institutional investors are increasingly interested in women/minority owned/managed funds. Examine diverse lens investing and its results from the allocator’s perspective. As a fund manager or portfolio manager, learn some practical steps you can take to increase the discoverability of your fund and its visibility to a wider institutional investor audience.

Key topics include:

  • The current fundraising landscape for women/minority owned/managed funds.
  • The rationale for investing through a diverse lens.
  • How investing through a diverse lens applies to alternative funds and the methods by which this can be expressed in a portfolio.
  • Uncover the obstacles in the industry that need to change to increase the success of diverse managers.
  • How women/minority owned/managed funds can improve their discoverability to new investors.

Speakers:

  • Jonathan Grabel of Los Angeles County Employees Retirement Association (LACERA)
  • Austin Head-Jones of RVK
  • Deborah Velez Medenica of New York State Common Retirement Fund
  • Libbi Ross (Moderator) of Bloomberg L.P.

For more information, click here.

FREE: Understanding the Digital Asset Market – Intro to Blockchain, Cryptocurrency and Today’s Institutional Landscape
Tuesday, April 6, 2021, 10:00-12:30 A.M. CT

Join Digital Asset Research, PKF O’Connor Davies and a panel of guest speakers for the first webinar in a series that explores the unique challenges of the digital asset space for institutional clients. In this series, we host experts who bridge the gap between crypto and traditional markets and explain market structure, valuation, pricing challenges, operational issues, tax implications, regulatory hurdles and other key issues.

Crypto assets trade on markets and in ways that are unique and evolving. Our specialists discuss products currently available and the amounts of Assets Under Management (AUM). They examine those services necessary or available for institutional clients entering this market, major concerns for consideration, what others are doing in the space and how views are shifting. Our first session in this series will address these topics and the current state of the institutional crypto market.

Topics Include:

  • Current market structure
  • Available investment vehicles
  • Institutional infrastructure
  • Major trends
  • Changing state of reputational and regulatory risks

For more information, click here.

FREE: Women In Derivatives (WIND): 6th Annual Washington Update
Wednesday, April 7, 2021, 11:00 A.M.-12:00 P.M. CT

Join WIND for a virtual Washington update and conversation on its impact with Reagan Anderson of Government Relations Capital Group, Libby Cantrill of PIMCO and Deborah North (Moderator) of Allen & Overy.

To register, click here.

100 Women in Finance Webinar: FundWomen Series: Closing the Funding Gap for Female Fund Managers and Female Entrepreneurs

Thursday, April 8, 2021, 11:00 A.M. CT

What are the challenges facing women when raising capital? Can gender lens investing be the solution while also providing superior returns and positive social impact?

Adesuwa Okunbo Rhodes, Founding Partner of Aruwa Capital Management, a women owned and led early stage growth equity and gender lens fund, will share her insights and perspectives with Ulrika Robertsson, COO and Co-Founder at Impactus Partners and Chair of 100WF Global FundWomen Week.

FundWomen Series

This is the first session in a three-part series, where fund managers from Nigeria, Singapore and North America respectively, will discuss their investment philosophy and how they implement it, as well as raising capital, managing risk and taking opportunity in these tumultuous times.

For more information, click here.

PEAK Webinar: The Annual Meeting: Best Practices for Virtual & Moving Forward
Wednesday, April 14, 2021, 11:00 A.M. CT

Private equity and venture capital firms have traditionally put a great deal of time and thought into planning their annual meetings. Wanting to impress their limited partners, they’ve in the past stressed over the venue, how long it should last, the data to be shown, and who from the firm should speak. The pandemic, though, upended things – perhaps for good. Rather than in-person, the meetings have become virtual – and often taped. LPs, who often had to choose between meetings, now find themselves able to view multiple ones, often with junior team members.

In this special webinar, a group of top GPs and LPs discuss what’s worked and what hasn’t when it’s come to the annual meeting and what firms may and should do with it – as soon as this fall.

This event is for members only.  For more information on joining, click here.

Join the New NSCP Blockchain & Fintech Roundtable Monthly
First Meeting; Tuesday, April 20, 2021, 11:30 A.M. CT (3rd Tuesday, Monthly)

April focus: SEC Risk Alert regarding digital assets and recent enforcement cases.

Join Beth Haddock, Cassie Lentchner, Rebecca Rettig and NSCP for a new Blockchain and Fintech Roundtable for Compliance Professionals.

Join this Community:

  • Benchmarking & candid Q&A
  • Insights into regulatory expectations
  • Help with implementation challenges
  • Regulator education via NSCP credibility & network

To join, click here.

PEAK Webinar: The Rise of Co-Investing by LPs in Early-Stage Tech: Why it’s Happening & Where it’s Headed
Wednesday, April 21, 2021, 12:00 P.M. CT

Co-investing is not new to limited partners. Lured in by the potential for strong returns and reduced fees, institutional investors have been teaming up on deals with private equity firms for some time. But what is new for many LPs is co-investing in venture deals, often early-stage ones.

In this special webinar sponsored by 500 Startups, we will examine this trend, what LPs are doing or could be doing to get comfortable with such transactions, the steps that GPs are taking or should be taking to make LPs comfortable, and how these transactions are being structured and executed.

This event is for members only.  For more information on joining, click here.

FREE: TABB Forum & Global DCA: Crypto Connection 2021
June 8 and 9, 2021

2021 will be known as the year crypto went mainstream.  The flood of institutional investors entering the asset class, the decision by traditional payment companies to offer crypto access and payment options, and the dynamism of listed (public) digital asset companies, futures contracts and ETFs – all point to a sea change in our understanding and perceived value of cryptocurrency.

This conference explores five pivotal dimensions necessary for leadership in the era of institutional crypto adoption:

  • Emerging Fintech
  • Prime Brokerage and Advisory Services
  • Credit and Risk Management
  • Compliance
  • Regulation

For more information, click here.

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