Sorry for the delay on the Tuesday issue of ValueTalks. Our podcast this episode conducted Raul Panganiban features one of the most prominent attorneys in the hedge fund and alternative asset world, Steve Nadel of Seward & Kissel talks to us about the topic of cryptocurrency and regulation in relation to hedge funds.
The podcast starts out discussing the complex issues about how to price cryptocurrencies in terms of accounting valuations. Additionally, ICOs are a complex US regulatory topic, in part because many based overseas and sometimes exclude US investors, but can accredited investors invest?
Who is the owner of the asset? It is a number - how are they held in terms of custody and preventing loss.
Liquidity is yet another question for hedge funds purchasing cryptos and much more!
Steve's profile is extensive and impressive so below is just a brief summary
Steve is a partner in Seward & Kissel’s Investment Management Group. He joined the Firm in 1997. He is also the founding editor of The Private Funds Report and The Private Funds Bullet Report, two Group newsletters.
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Check out the full podcast below.
Steve's full bio via Seward & Kissel below
Steve has extensive experience in issues relating to the establishment and ongoing operation of hedge funds, funds of funds (U.S. and offshore), private equity funds, separate accounts, registered investment advisers, commodity pool operators and commodity trading advisors, as well as related matters, including management company structuring, fund marketing, employment agreements, solicitation agreements, joint ventures, seed capital arrangements, regulatory compliance and general organizational matters.
Steve’s strategic, practical, highly responsive approach is well known throughout the industry. Through his large network, he is able to source practical industry trends, which he seeks to impart in addition to his legal guidance. He represents a wide variety of clients ranging from start-up entrepreneurs to very large, prominent institutions, and he is considered by the various services providers in the space (including accountants and brokers) to be one of the premier attorneys in the alternative investment management arena.
Steve wrote a chapter on U.S. private investment fund regulation for the book entitled The Capital Guide to Alternative Investment, as well as for The Review of Securities & Commodities Regulation. He has also authored the following investment management articles: Foresight for Established Managers, Law 360, June 2010; The Expansion of Hedge and Private Equity Funds, Law 360, May 2010; How to Reinvigorate Investment in Hedge Funds, HedgeWorld.com, July 2009; Hedge Funds Affected by New Rules, 2009 Hedge Fund Industry Report;State Level Investment Adviser Registration, Private Investment Forum, Fourth Quarter 2001; The Principal Elements of Private Equity, Private Asset Management, May 3, 1999; An Accountant’s Guide to the Major Legal Issues Affecting Hedge Funds, The CPA Journal, October 1998; and Becoming an SEC-Registered Investment Adviser: Understanding What’s Really Involved, Hedge Views, Summer 1998. Steve is a highly sought after lecturer who speaks regularly on various investment management topics, and who is also often quoted in many leading business and legal publications, including the New York Times, the Wall Street Journal and Bloomberg. He is listed in the Super Lawyers New York-Metro edition. He also previously taught a course at the New York Institute of Finance titled, "How to Start a Hedge Fund."
Steve is a member of the American Bar Association and the New York State Bar Association. Steve also sits on the Boards of Directors of the charities Hedge Funds Care and the RBaby Foundation.