Overview

As a consequence of the global financial crisis, the private funds industry is facing frequent demands for accountability and increased regulation.

Regulatory and tax reforms have been proposed in the US to ensure that the industry does not become a systemic risk to global financial markets. Unfortunately, these reforms can make it difficult for foreign fund managers to access the US market.

This alert from Baker & McKenzie sets out the current state of the recently adopted private fund regulatory reforms in the US, and explores their impact on non-US fund managers.

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