Insights & News

Compliance with 2a-5 a Heavier Lift for Some Types of Funds

January 30, 2024
Press Clippings

Partner David Grim’s insights have been featured by BoardIQ in a video as the last part of a series reviewing one year of independent director compliance with the U.S. Securities and Exchange Commission’s fair valuation rule.

In the video, Dave discusses the compliance challenges for fund complexes — particularly small fund complexes — related to the rule requiring reasonable segregation from portfolio management.

“Because when you get right down to it on valuation, portfolio management are often the folks that have real expertise to share on how to value the instrument. And so setting up a process that facilitates that input from portfolio management while at the same time monitoring for any potential conflicts has been a real challenge,” Grim told BoardIQ.

Watch the full video (with subscription).

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