Editor’s Note: This report discusses steps to reduce the likelihood of a future recession and is therefore of great importance to all our readers. Our thanks go to Weil, Gotshal & Manges LLP and its Financial Regulatory Reform Working Group for their efforts.
Heath P. Tarbert
Sunny J. Thompson
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), comprehensive reform legislation imposing new requirements and restrictions on the financial industry. Private equity funds and hedge funds (collectively, "private funds") and their respective advisers are the subject of...