Thursday, February 26, 2009

Hedge Fund Oversight Legislation Introduced in Connecticut

State lawmakers in Connecticut have recently introduced three bills (Raised Bills No. 953, 6477 and 6780) which aim to increase oversight of hedge funds and private capital funds established or conducting business in Connecticut. Further, the bills aim to increase disclosure to investors in these funds while also increasing the minimum capital requirements for investment in these funds. Please see the attached links for the full text of each of the three bills.

An act concerning the licensing of hedge funds and private capital funds.
An act requiring the disclosure of financial information to prospective investors in hedge funds and private capital funds.
An act concerning hedge funds.