Media Mentions
2008
Ted Laurenson and Stephen Older were quoted in Law360 on September 19 regarding the order issued by the SEC which temporarily bans the short selling of the stocks of designated financial companies in order to calm markets and how this may effect hedge funds who base much of their investment strategies on short selling. "People are really annoyed when they're in certain strategies that you can't implement," Mr. Laurenson said. He added that although it is not possible to determine whether this temporary order is a good plan, it most likely would not cause much harm if it does not last long. Mr. Older commented on the vagueness of the order and the immediacy of its issuing, "I know these are desperate times, but it would have been better with more thought around it and more comment," he said. Messrs. Laurenson and Older explained that hedge funds and their clients are taking action to ensure an extension is not granted.
Edwin C. Laurenson, Stephen E. Older, Corporate, Hedge Funds, Securities
2006
Edwin Laurenson was quoted in the October 2006 issue of Investor Relations Update in an article that questions the ongoing topic of hedge fund regulations.
Edwin C. Laurenson, Corporate, Hedge Funds
Edwin Laurenson was quoted in August 17 issue of HFM Week in an article that questions the longer lock-in periods that are becoming increasingly acceptable in the hedge fund industry despite the end of SEC rule. Mr. Laurenson provides perspective on still imposing these lock-ins "only managers reasonably sought-after were able to impose a two-year lock-in to get around SEC registration and will be able to keep it. They had market power to do it in the first place. They had to be someone in a considerable degree of demand."
Edwin C. Laurenson, Corporate, Derivatives, Structured Finance and Financial Products, Hedge Funds
Edwin "Ted" Laurenson commented on the courts' rejection of an SEC hedge fund rule in the June 24 issue of The Wall Street Journal. If companies are asked to put their registration aside until it is clear on what the SEC's next steps will be in the process, Mr. Laurenson predicts that a number of hedge funds would act to de-register due to procedure and policy costs that would be incurred, which would be particularly onerous on smaller hedge fund advisers.
Edwin C. Laurenson, Corporate, Hedge Funds, Securities
Edwin Laurenson was quoted in May 25 issue of the Market Analysis section of HFM Week in an article that questions if the SEC is making it too difficult to run a hedge fund in the United States. Mr. Laurenson provides perspective on growing regulatory issues that impact registrations here, but also indicates that US regulation is "simply catching up to what was already the case in Europe".
2005
Ted Laurenson was quoted in Investment News on September 26 in an article about hedge fund managers exploiting a loophole that allows them to evade regulatory safeguards aimed at protecting investors. Faced with the prospect of registering with the Securities and Exchange Commission as investment advisers, the managers are extending their funds' lockup periods. The rule change, which is scheduled to take effect in February, allows hedge fund firms to skirt SEC audits and inspections by locking up the money of its investors for more than two years. As lockup periods are private agreements between hedge fund firms and investor, there's no way of knowing exactly how many funds are extending them. "There have been noises out of the SEC that suggest they have noticed the trend and they don't like it." said Mr. Laurenson in response to the news.
