ERISA and Hedge Funds

Simon Riveles ERISA, Hedge Funds, IRS, Uncategorized

What is ERISA? ERISA is the Employee Retirement Income Security Act of 1974, which governs, among other things, the investment of certain benefit plans into hedge funds. The significance of ERISA for hedge funds is that if more than 25% of a hedge fund’s equity interests are those of certain “benefit plan investors,” all of the hedge fund’s assets will be considered “plan assets” under …