On September 14, 2016, California Governor Jerry Brown signed into law a bill intended to provide transparency with respect to fees and expenses paid by California public pension or retirement systems (“PPPs”) to private equity funds, venture funds, hedge funds and absolute return funds (each, a “Fund”) in which they invest. This alert seeks to answer some of the key questions regarding the new law (the “Fee Disclosure Law”) that we believe will be of particular interest to our clients.
Last Updated: September 23 2016
Article by Ropes & Gray LLP’s Private Investment Funds & Hedge Funds Practice Group and Ropes & Gray LLP’s Investment Management Practice Group
Ropes & Gray LLP