Hedge clauses are provisions in investment advisory agreements that aim to limit an adviser’s liability for certain actions or outcomes. The U.S. Securities and Exchange Commission (the “SEC”) has expressed the position that...more
2/14/2025
/ Contract Terms ,
Enforcement Actions ,
Fiduciary Duty ,
Indemnification Clauses ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Management ,
Liability ,
Private Funds ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The U.S. Department of Labor’s (the “DOL”) amendment to the qualified professional asset manager (“QPAM”) prohibited transaction class exemption 84-14 (the “Exemption”) went into effect on June 17, 2024. Current QPAMs must...more