The Dodd-Frank Wall Street Reform Act of 2010
Dodd-Frank
Banking Institutions maintain healthy capitalization ratios
Dodd-Frank
Limits banking institutions from owning more than 3% of a hedge fund’s total ownership interest
Limits banking institutions from owning interests in hedge funds that exceed 3% of their Tier 1 Capital (Common Stock + Retained Earnings + non-redeemable; non-cumulative Preferred Stock)
Dodd-Frank
Relationships with hedge funds must be fully disclosed to regulators
Dodd-Frank