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Private Investment Funds Update
   

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In This Issue:
 
Congress Adjourns Without Acting on Tax Proposals Affecting Hedge and Private Equity Fund Managers 1
IRS Extends 409A Deferred Compensation Transition Relief until December 31, 2008 1
SEC Adopts Final Amendments to Rule 144 and Rule 145 2
SEC Proposes Amendments to Regulation D Private Placement Exemption 2
California Proposes to Require Registration of Larger Managers 2
New Japanese Law Affects Offerings by Investment Funds to Japanese Investors 3
Annual Compliance Actions for Investment Advisers 3
 
   
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