SEC Proposes New Fund Valuation Rule Under the Investment Company Act

–An Investment Management Advisory from Alston & Bird   Under a rule proposed by the Securities and Exchange Commission, a registered fund’s board would be able to assign an investment adviser to determine the fair value of fund assets. Our Investment Management Team breaks down the proposed rule and the board’s responsibilities, including oversight of…

ESG During the Coronavirus Crisis – Should You Care?

–An Investment Management Advisory from Alston & Bird What Are ESG Factors? Incorporating environmental, social, and governance (ESG) factors into investment processes and decision-making is becoming increasingly prevalent when investing in the debt capital markets. With global green and sustainable debt volumes hitting close to $500 billion in 2019, more than double that of two…

Update on Relief Under the CARES Act for Fund Managers

–An Investment Management Advisory from Alston & Bird On April 24, 2020, the Small Business Administration (SBA) released the Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility, which provides additional guidance on the rules governing the Paycheck Protection Program (PPP). Under the CARES Act, the SBA was granted authority to administer PPP loans…

The Next Decade of Alternative Investments, From Adolescence to Responsible Citizenship

CAIA is pleased to introduce a new report outlining its thoughts on the future of alternative investments, including a four-point call to action for the industry. As we enter a new decade, rife with a global pandemic, the most violent bear market in history, and unprecedented uncertainty, alternative investments continue to be a polarizing topic….

COVID-19: Investment Fund and Adviser Relief

The Securities and Exchange Commission (SEC) is granting certain investment funds and investment advisors extra time to file certain reports with the commission due to the impact of COVID-19. Included within their release, the Commission said, “The health and safety of all participants in the securities markets is of paramount importance, and the Commission recognizes…

Relief Under the CARES Act for Fund Managers

–An Investment Management Advisory from Alston & Bird Fund managers are also being hit hard by stay-at-home and other government orders during the coronavirus pandemic. Our Investment Management Team explores how fund managers stand to benefit from the Paycheck Protection Program through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Which fund managers are…

Watch for Downward Revisions

By Diane Swonk, Grant Thornton Payroll employment is expected to rise by 170,000 in January, which will mark a slight pickup from the initially reported 145,000 jobs created in December. The government sector is expected to account for 5,000 of those jobs, which will leave private payrolls rising by 165,000 jobs. We are still waiting…

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