SEI Investments Company · NASDAQ:SEIC

SEI Investments — Hedge Fund Regulatory Webinar (March 2009)

15 slides from SEI Investments's conference presentation, Mar 12, 2009

  1. Slide 1: Hedge Funds – The Regulatory Wagons are Circling While Investors are Taking Action in the Interim

    Hedge Funds – The Regulatory Wagons are Circling While Investors are Taking Action in the Interim US Treasury This presentation is intended for SEI current and prospective clients and may not be © 2009 SEI redistributed for any other purpose without prior written consent from SEI. 1

  2. Slide 2: Today’s Moderator

    Today’s Moderator Phil Masterson Managing Director, Knowledge Partnership, Investment Manager Services Division President of Advisors' Inner Circle Funds (SEI’s series trust) Phil serves as Managing Director in SEI’s Investment Manager Services division and is responsible for leading the division’s

  3. Slide 3: What is the SEI Knowledge Partnership?

    What is the SEI Knowledge Partnership? The SEI Knowledge Partnership is an ongoing source of actionable business intelligence and advice for SEI’s investment management clients. It engages clients and industry experts in analyzing the trends and issues that will reshape business conditions in the ye

  4. Slide 4: Welcome

    Welcome ƒ Format of today’s seminar: – Please press F5 to view the presentation in full screen ƒ All phones will be on mute. ƒ If you have trouble hearing or viewing the presentation, press *0 and an operator will assist you. ƒ Copies of the presentation will be available in the upcoming weeks. Plea

  5. Slide 5: How To Ask A Question

    How To Ask A Question To ask a question, please send your question to the host via the “Q & A” tab at the top of the screen. 5

  6. Slide 6: Today’s Presenters

    Today’s Presenters Timothy W. Levin Partner Morgan Lewis's Investment Management and Securities Industry Practice Mr. Levin’s practice focuses on investment company matters, private fund organization and management, as well as investment adviser regulation. Mr. Levin represents many types of registe

  7. Slide 7: Today’s Presenters

    Today’s Presenters Anthony S. Evangelista, Partner, PricewaterhouseCoopers LLP Tony Evangelista is a financial services partner in the Philadelphia office of PricewaterhouseCoopers. During his twenty years with the Firm he has served in numerous capacities and in various cities, including, most rece

  8. Slide 8: Today’s Presenters

    Today’s Presenters Jim Cass, Vice President & Managing Director Investment Manager Services Division Jim Cass is the Managing Director for fund of hedge funds services as well as private equity services for SEI’s Investment Manager Services division. In his previous role, Jim was Managing Director o

  9. Slide 9: Agenda

    Agenda Anticipated scope of US regulatory approach ƒ Overview of pending US legislation ƒ Possible self-regulatory body for US registered advisors Anticipated scope of pan-European regulatory approach Practical impacts of investor demand for transparency ƒ Discussion of the evolving trend toward the

  10. Slide 10: Hedge Fund Transparency Act (HFTA) – Proposed

    Hedge Fund Transparency Act (HFTA) – Proposed ƒ Basic requirements • Hedge Funds with $50 million or more in assets required to register with SEC • Funds would have to file an information form, maintain required books and records and cooperate with requests for information and examinations ƒ Scope •

  11. Slide 11: Hedge Fund Transparency Act (HFTA) – Proposed (Continued)

    Hedge Fund Transparency Act (HFTA) – Proposed (Continued) Possible New Regulators: US Treasury ƒ Hedge Fund Transparency Act (HFTA) would require Large Private Funds (LPFs) to establish anti-money laundering program • Program would require appointment of Anti-Money Laundering Officer, development of

  12. Slide 12: Hedge Fund Transparency Act (HFTA) – Proposed (Continued)

    Hedge Fund Transparency Act (HFTA) – Proposed (Continued) ƒ Hedge Fund Advisor Registration Act of 2009 ƒ Outstanding questions • Will feeder fund assets need to be aggregated to determine $50 million threshold? • Is AUM test based on net or gross assets? • When is AUM test applied and what is the v

  13. Slide 13: Possible New Regulators

    Possible New Regulators Financial Industry Regulatory Authority (FINRA) ƒ Self-regulatory authority (SRO) regulating securities industry ƒ Proposal to extend authority to investment advisory profession – currently regulates broker-dealers ƒ New SEC chair – Mary Shapiro – supports SRO for investment

  14. Slide 14: International Front, Investor Actions, Tax Issues

    International Front, Investor Actions, Tax Issues International Front ƒ European finance ministers agree on the direct regulation of hedge funds ƒ G20 Summit in April could lead to a clearer international direction regarding the regulation of hedge funds ƒ Local EU regulators would regulate the hedg

  15. Slide 15: Thank you

    Thank you Phil Masterson Managing Director 610-676-2628 direct pmasterson@seic.com This presentation is intended for SEI current and prospective clients and may not be © 2009 SEI redistributed for any other purpose without prior written consent from SEI. 15

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