Best of the Web – April 2013

During our daily review of all matters regulatory,
we sometimes come across publicly-available pieces from our clients, partners,
competitors, and friends that we think are extremely helpful and well
done.  Usually, these articles provide
in-depth analysis far greater than we can offer in the short-form format that
you receive from us every morning. 
Sometimes, these industry players address issues well outside our
expertise and experience.   We offer
these articles and links in no particular order.  We hope you find these gems as valuable as we
did.

Some Considerations for Fund Directors in 2013
(Drinker)

http://www.drinkerbiddle.com/resources/publications/2013/Some-Considerations-for-Fund-Directors-in-2013

Recent SEC Actions Focus on Broker-Dealer Activity
of Private Funds, Highlight Perils, and Generate Controversy (Dechert)

http://sites.edechert.com/10/1232/april-2013/2013-04-18—recent-sec-actions-focus-on-broker-dealer-activity-of–private-funds.asp

Morgan Lewis Hedge Fund University™ Commodity Pool
Regulatory Update (Morgan Lewis)

http://www.morganlewis.com/index.cfm/fuseaction/publication.detail/publicationID/06fe42f5-15a7-4caa-b340-a76b3ea62fcc

2013 Mutual Funds and Investment Management Conference
(Ropes & Gray)

http://www.ropesgray.com/files/Publication/be74edc1-d55f-4c62-8d00-b7f862ca03a6/Presentation/PublicationAttachment/8df75761-bfae-4045-8b9b-b833341ed427/20130408_ICI_Memorandum.pdf

Anti-Corruption: Effective Compliance Begins with
the Assessment of Risks (K&L Gates)

http://www.klgates.com/anti-corruption-effective-compliance-begins-with-the-assessment-of-risks-04-10-2013/

What Impact Will FATCA Have on Offshore Hedge Funds
and How Should Such Funds Prepare for FATCA Compliance? (Tannenbaum Helpern)

http://www.thsh.com/documents/What-impact-will-FATCA-have-on-offshore-hedge-funds.pdf

Investment Management Update: SEC Ranieri Case: The
Consequences of Being an Unregistered Finder (Thompson Hine)

http://www.thompsonhine.com/publications/publication2671.html

Survey of CFTC Relief (Willkie Farr)

http://www.willkie.com/files/tbl_s29Publications/FileUpload5686/4343/Survey_of_CFTC_Relief.pdf

Ninth Circuit: Plan Fiduciaries Breached Duty of
Prudence by Failing to Investigate Possibility of Institutional Class Mutual
Fund Shares of Investment Options (Groom)

http://www.groom.com/media/publication/1234_Plan_Fiduciaries_Breached_Duty_Prudence.pdf

Positioning for an upturn: The institutionalization
of private equity operations (Ernst & Young)

http://www.ey.com/Publication/vwLUAssets/Evolving_private_equity_operations_for_growth/$File/Positioning_for_an_upturn.pdf

Tax Strategies for Registered Fund-of-Funds Managers
to Consider (Rothstein Kass)

http://www.rkco.com/Corporate/Admin/AttachmentFiles/wall_street_argus/2013/RK_WallStreetArgus_RIC_FundofFundsF.pdf