Welcome to the October issue of End2End, our newsletter aimed at helping you better understand the overall impact of developments and trends across the investment funds landscape.
As asset management continues to evolve amid shifting markets, regulations and opportunities, this issue offers insights on private assets in registered funds, Section 351 transactions, structuring for alternative fund managers, the SEC’s crypto custody proposal and more.
Private Assets in Registered Funds: The SEC’s Focus on Valuation, Transparency and Private Credit
Authors: Syed Farooq and Jay Wild
The SEC’s recent staff statement addresses fair value measurement challenges as private assets expand into registered funds. Key focus areas include private credit valuation methodologies, Level 3 disclosures, portfolio credit performance, and governance responsibilities for investment managers and boards.
IRS Issues New Guidance on Investment Company Sec. 351 and Other Transactions
Authors: Jay Laurila and Andreana Shengelya
New Treasury and IRS guidance targets novel investment strategies that may produce unintended tax results. It’s important for taxpayers engaging in certain transactions to be aware of ramifications for both future and potentially even prior transactions.
5 Structure-Related Decisions Alternative Fund Managers Should Consider Before Launch
Author: Satish Katikala
Fund structure is one of the most consequential decisions an alternative fund manager makes. For emerging and established managers, smart pre-launch structuring is about building a fund platform that supports your strategy, investors, operations and growth plans from Day 1.
SEC Crypto Custody Proposal: What It Could Mean for Investment Advisers and Funds
Authors: Keith Stafford and Christopher Weirich
The SEC’s proposed rules and amendments to provide a crypto custody framework for RIAs and regulated funds is making headlines — but its most meaningful provisions may be narrower than they appear.
Technical Takeaways
Author: Bryan Friedmann
To help you stay up to date on the timing and impact of evolving regulations, read our Investment Industry Wire — where we recap the latest developments in the regulatory arena likely to impact investment industry participants.
Cohen & Co Honored as Audit Firm of the Year for Start-Ups and Best ETF Auditor
We are so proud to announce recent industry recognitions for our work in the asset management industry space:
- ETF Express U.S. ETF Awards: “Best ETF Auditor.” Learn More >>
- Hedgeweek U.S. Awards: “Audit Firm of the Year: Start-Up” Learn More >>