Hedge Fund Regulation and Compliance

3 credits · Law School

This course examines the legal, regulatory, and compliance frameworks governing hedge funds, private equity funds and the private fund industry in general. Students will explore the structure and operation of hedge funds, the regulatory environment in which they function, and the compliance obligations that fund managers and advisers must meet. Through lectures, readings, case studies and the discussion of enforcement actions, this course is designed to introduce students to the structure and goals of hedge funds/private equity funds and the relevant laws and regulations that govern them. Having established a working foundation of what a hedge fund is and how private funds operate, students will focus on the structure of the compliance departments that monitor them and the ethical obligations of in-house compliance and legal departments. Cases will involve some of the significant issues monitored by compliance such as insider trading, failure to disclose information to investors, conflicts of interest, FCPA issues, anti-money laundering issues, and presentation of the fund’s performance. Due to an overlap in content, students who have completed LAW 7231 Hedge Fund Regulation and Compliance Short Course are not eligible to take this course. [3]