Private Funds Lukewarm To JOBS Act

Private funds operators are not exactly falling over themselves to take advantage of the newfound permissions to market their offerings to the public under the JOBS Act, according to an article in Hedge Fund Alert. The JOBS Act removed a ban on advertising for private funds, and effective September 23, hedge fund firms and alternative-investment managers are free to advertise their capital offerings in the print, broadcast and online media. Private funds: The numbers Hedge Fund Alert (HFA) analyzed about 209 Forms D filed after September 23, looking for those that declared an intention to exercise their rights under the…