SMNR: Alternative Assets: Hedge Funds and Private Equity Funds
- Semester: Spring 2023
- Course ID: 397S
- Credit Hours: 3
- Course Type: Seminar
- Grading Method: Pass/Fail Not Allowed
- Upperclass-only elective
|WED||6:00 - 7:50 pm||TNH 3.114|
Alternative asset classes, particularly hedge funds and private equity funds, play an increasingly central role in the global economy. Total alternative assets under management surpassed $10 trillion in 2020, a more than threefold increase from 2008, and are expected to surpass $14 trillion by 2023. Hedge funds and private equity funds represent approximately 75% of these assets. This explosive growth has been accompanied by an increased institutionalization of the industry, an advanced regulatory environment and a significant rise in public scrutiny.
This course will provide a comprehensive review of the legal and regulatory framework related to hedge fund and private funds, particularly in relation to structuring, documentation, disclosures, tax considerations and compliance. Areas of focus will include relevant federal securities, tax and pension plan laws, case history and agency actions. This course also will include a critical analysis of related policy issues and topics, including insider trading, environmental/social/governance (ESG) investing, preferential tax treatment, the rise of cryptocurrencies and the economic and societal impacts associated with the alternative investment industry. In addition, the course will analyze the various roles lawyers play throughout the industry.