The Securities and Exchange Commission has been considering rules requiring hedge fund managers to register as investment advisers, potentially subjecting them to new regulations, including advertising, disclosure, trading, compliance, record keeping and accounting requirements. In order to address these issues, Thomson West, a legal information provider, has released "Hedge Funds and Other Private Funds: Regulation and Compliance," a guide on legal, compliance and regulatory issues concerning hedge funds and private equity funds. It explains how hedge funds and other private funds operate, which laws and regulations apply and do not apply, and how fund managers can avoid running into legal and regulatory problems. It also identifies trends and new products and takes a look at the future landscape. More information is at west.thomson.com
IBM is targeting financial services firms seeking new data storage systems to support business continuity with two new products, the DS6000 and DS8000. Slightly larger than a VCR, the DS6000 starts at 580GB and scales up to 67.2 terabytes and can connect to zSeries, iSeries, UNIX, Linux and Intel environments. The refrigerator-sized DS8000 can handle over 96 petabytes of data. It's available in dual two processor or dual four processor configurations, and it provides users with integrated virtualization capabilities to scale up or scale out.
The DS6000 series and DS8000 series are bound together by shared microde, common functions, common interfaces and common management software using open standards. An IBM DS Storage Manager will enable users to manage and mirror data using either (or both) systems. Prices start at $97,000, and both products will be available Dec. 3.