In a webinar on May 20, WilmerHale Partners Benjamin Neaderland and Matthew Chambers and Senior Associate April Elliott explored the importance of compliance with Investment Adviser Act Rule 206(4)-5 when managers of venture capital, private equity and hedge funds have public pension fund investors in their fund.
The speakers, who recently published a Law360 article on the topic, discussed steps that investment advisers should take to put policies, procedures and controls in place to avoid violations of the rule, and address possible remedies once a violation has occurred.
