Guest Articles & White Papers

SEC Finalizes Extensive Private Fund Reforms

September 8, 2023

FORVIS: On August 23, 2023, the SEC approved—in a three-to-two vote along party lines—a 660-page final rule that significantly expands oversight, disclosure, and audit requirements for private funds. Only minor changes were made from the February 2022 proposal. Read more…

Artificial Intelligence: Game changer for your Portfolio?

June 12, 2023

Ironhold Capital: As advancements in AI continue to occur throughout various industry sectors, understanding its implications now and in the future is crucial. The potential that AI related tools and companies have for investing are significant and has already impacted the markets today. Amidst all the noise, AI has real benefits that will change the world of investing. Read more…

New SEC Share Repurchase Rules for Issuers & Closed-End Funds

May 15, 2023

FORVIS: On May 3, 2023, the SEC voted three to two along party lines to issue a final rule updating and modernizing 2003 regulations on share repurchases by issuers, listed closed-end funds, and foreign private issuers (FPIs). The changes require more detailed quantitative and qualitative disclosures. The final rule reflects some significant changes from the proposal based on comment letter feedback, most notably periodic aggregation of daily information versus daily reporting. Read more…

1Q 2023 SEC Update – Asset Managers, Funds, & Broker-Dealers

May 11, 2023

FORVIS: This paper provides an overview of key proposals and final rules that may impact asset managers, funds, and broker-dealers issued by the SEC from January to March 31, 2023, along with updates on significant outstanding proposals. The developments included in this update are intended to be a reminder of recently issued accounting and other guidance that may affect you in the current reporting period. Read more…

Understanding Leverage: Benefits, Types, Risks & Asymmetry

January 11, 2023

Ironhold Capital: Leverage is one of the most important concepts in investing. It refers to the use of debt to finance transactions that may not be executed only with one’s own capital. Understanding the implications of leverage is crucial if one wishes to become an intelligent investor. If used well, leverage can increase returns on investment. This is because one can achieve greater absolute returns with more substantial initial capital. But there’s a twist. Read more…

Failures in Cryptocurrency Exchanges Create Tax Challenges for Investors

December 16, 2022

FORVIS: In 2022, several centralized cryptocurrency exchanges filed for bankruptcy due to being overleveraged, dragging the overall cryptocurrency market down. The total cryptocurrency market capitalization (or market cap) peaked in late 2021 at approximately $3 trillion, but as of this writing is now under $1 trillion. Investors that held assets on centralized cryptocurrency exchanges likely want to know what their options are for recouping losses on their federal income tax returns. Read more…

4Q 2022 ESG Regulation & Financial Statement Updates

December 1, 2022

FORVIS: The long-awaited SEC final rule on climate disclosure was unexpectedly delayed due to a technical glitch. The more aggressive European targets have encountered speed bumps, but the European Commission (EC) recently approved 12 standards that will be effective for large companies on January 1, 2024. Read more…

Funds Face New Liquidity & Swing-Pricing Requirements

November 16, 2022

FORVIS: On November 2, 2022, the SEC issued a 444-page proposal that would significantly change liquidity risk management and pricing practices for open-end management investment companies, including:

  • Updating the classification of investment liquidity and requiring a minimum of 10% of highly liquid assets
  • Requiring the use of swing pricing and implementing a hard close
  • Timelier, more frequent (monthly), and more detailed public reporting of fund information
  • To learn more download the FORVIS White Paper


All About Risk: Why is it often Misunderstood?

November 9, 2022

Ironhold Capital: This paper highlights what risk means for your portfolio and the ways in which to manage it. It breaks down the difference between volatility and risk and why wall street often misconstrues the terms. Additionally, it explains how to manage and cope with the uncertainty investors often experience in their investments. Read more…

Launching a private fund with plans to convert to a registered fund

July 19, 2022

UMB Fund Services: Some alternative investment managers are launching new funds with an expectation of later converting them to registered funds to pursue broader distribution. Here are suggestions from Ann Maurer, UMB senior vice president and mutual funds product manager, on how to avoid negative surprises when implementing that strategy. Read more…