Contributor: Jason Haft

Fund managers have had to cope with a barrage of new regulatory challenges since the start of the financial crisis, yet one mandate that stands out from the rest is Form PF. Unveiled by the SEC late last year, Form PF is designed to improve the quantity and quality of data reported by those in alternatives investments, private-equity funds included. Like previous measures, Form PF seeks to control risk by giving regulators a better view into a fund’s ongoing operational processes. However, Form PF goes much farther than its predecessors, requiring that registered investment advisors report what many consider to be an unprecedented amount of information pertaining to a managed fund.... read more