Out Of State Regulations:
N.C. Gen. Stat. § 78C-2 (1)(j): "An individual who, as an employee, officer or director of, or general partner in, another person and in the course of performance of his duties as such, provides investment advice to such other person, or to entities that are affiliates of such other person, or to employee benefit plans of such other person or its affiliated entities, or, with respect to such employee benefit plans, to employees of such other person or its affiliated entities" is exempt from registration requirements.
In State Regulations:
Yes, exempt. See N.C. Gen. Stat. § 78C-2 (1)(j)
Comments on this regulation:
Exemption based on definition of investment adviser and definition of client, where one fund = one "person,." See N.C. Gen. Stat. § 78C-2 (5) for definition of investment adviser.
State Regulations Website:
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North Carolina Hedge Fund News:
Indevus soars on Drug (Tuesday, March 3, 2009)
Just days after winning regulatory approval for the manufacture and marketing of its cancer therapy for bladder cancer, Indevus Pharmaceuticals Inc. disclosed that a North Carolina hedge fund has acquired 8.5 percent of its common stock.
Lexington, Mass.-based Indevus made the announcements via regulatory filings late Friday and early Monday with the Securities and Exchange Commission.
On Friday, the company said the U.S. Food and Drug Administration had approved its supplemental new drug application for Valstar, a therapy that aims to treat bladder cancer through an injectable technology.
N.C. Gen. Stat. § 78C-2 (1)(j): "An individual who, as an employee, officer or director of, or general partner in, another person and in the course of performance of his duties as such, provides investment advice to such other person, or to entities that are affiliates of such other person, or to employee benefit plans of such other person or its affiliated entities, or, with respect to such employee benefit plans, to employees of such other person or its affiliated entities" is exempt from registration requirements.
In State Regulations:
Yes, exempt. See N.C. Gen. Stat. § 78C-2 (1)(j)
Comments on this regulation:
Exemption based on definition of investment adviser and definition of client, where one fund = one "person,." See N.C. Gen. Stat. § 78C-2 (5) for definition of investment adviser.
State Regulations Website:
Click to view
North Carolina Hedge Fund News:
Indevus soars on Drug (Tuesday, March 3, 2009)
Just days after winning regulatory approval for the manufacture and marketing of its cancer therapy for bladder cancer, Indevus Pharmaceuticals Inc. disclosed that a North Carolina hedge fund has acquired 8.5 percent of its common stock.
Lexington, Mass.-based Indevus made the announcements via regulatory filings late Friday and early Monday with the Securities and Exchange Commission.
On Friday, the company said the U.S. Food and Drug Administration had approved its supplemental new drug application for Valstar, a therapy that aims to treat bladder cancer through an injectable technology.
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