Funds Need Game Plan As SEC Ramps Up Scrutiny Over Fees

Law360, New York (March 20, 2013, 6:23 PM EDT) -- With the U.S. Securities and Exchange Commission increasingly inspecting the fees charged by hedge funds, private equity firms and other investment advisers to investors for typical "comped" expenses like air travel and events, attorneys advising hedge funds need to make sure their clients have a compliance strategy to handle such inquiries, experts say.

The increased fee oversight comes as the SEC conducts so-called presence examinations into investment advisory firms that are now required to register by mandate of the Dodd-Frank Act. The examinations allow the agency...
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