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D&O

2016 SEC Enforcement Results

On October 11th, 2016, the Securities and Exchange Commission announced that, in fiscal year 2016, it filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers, as the agency continued to enhance its use of data […]

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Prospect Case Study: D&O/E&O Insurance For Registered Investment Advisor and Private Fund Firm

October 28, 2016
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Who: New York Based RIA & Private Fund with $400,000,000 in assets under management.
Initial Concerns: We were originally contacted by the firm when they were contemplating structuring and creating a new fund in partnership with a portfolio manager that had a […]

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SEC Administrative Proceeding Cites Violation of Advisers Act Due to Insurance Premium Allocation Practices

October 18, 2016
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The SEC has commenced enforcement proceedings against a large greenwich based Hedge Fund siting violations of section 206(2), 206(4) and 206(4)-8 of the Investment Advisers Act in part resulting from inadequate insurance premium allocation methodology.

Section 206 of The Investment Advisers Act of […]

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D&O Insurance Case Study: $10 Billion RIA & Hedge Fund Firm

August 30, 2016
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Hedge Fund Insurance Case Study
Who: $10 Billion Outsourced Investment Firm and Alternative Asset Management Firm
The Risks: Asset Management firms face a number of complex liability exposures that require proactive risk management consulting. Advisers face risks stemming from the performance of […]

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June 2016 Hedge Fund D&O Insurance Market Update

The management and professional liability insurance marketplace for both existing fund managers and emerging managers has softened significantly over the past 12 months. Both pricing and coverage terms are the most competitive they’ve been in over a decade with insureds experiencing rate decreases coupled with broadened coverage […]

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