Hedge Funds Fighting Gary Gensler and SEC’s Policies Have Secret Weapon in Texas – Bloomberg

The National Association of Private Fund Managers, a little-known group whose main focus appears to be challenging SEC rules, has sat tucked in a Fort Worth law office since its founding in 2022. Its home is 1,500 miles from many hedge fund campuses in leafy Connecticut, and even further from London or Singapore, where its impact is being felt.

But the group’s address at 301 Commerce Street in Texas’s fifth-biggest city is serving a greater purpose. NAPFM, the clunky acronym the association goes by, is giving hedge fund and private equity titans access to what’s quickly become one of the financial world’s most important venues: The 5th US Circuit Court of Appeals in New Orleans.

Source: Hedge Funds Fighting Gary Gensler and SEC’s Policies Have Secret Weapon in Texas – Bloomberg