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Although certain elements of the recently finalized Private Fund Advisers Rules (“PFAR”) apply to all investment advisers, regardless of registration status, it is fair to say there are considerable, further burdens for registered investment advisers.

Among those PFAR burdens applicable solely to registered investment advisers is the requirement to produce quarterly statements for investors – in addition to whatever existing information an adviser may voluntarily provide currently.  These mandated quarterly statements must include a highly detailed accounting of fees and expenses (and any offsets) in tabular format, comprehensive disclosure of all portfolio investment compensation and standardized private fund performance information with varying levels of disclosure depending on whether the fund is classified as a liquid fund or an illiquid fund for this purpose.

Please join AIMA and Clifford Chance for this webinar examining PFAR’s quarterly statements requirements in depth. Given the level of detail that must be provided in these statements, and how far it may track from currently reported datapoints, those in scope should begin preparing now for the compliance deadline in March 2025.

Please click below to register and feel free to send in advance any questions that you would like to have discussed on the November 9 webinar with Clifford Chance.

Our panel of speakers include:

• Jennifer Wood, AIMA’s Global Head of Asset Management Regulation and Sound Practice
• Jefferey LeMaster, Partner at Clifford Chance
• Andrew Nelson, Associate at Clifford Chance
• Eric Bernstein, Associate at Clifford Chance