HedgeOp Compliance, LLC has announced today that it is merging with The IMS Group, a leading European governance, risk and compliance services group. The enlarged Group has offices in London, New York, Boston and San Francisco, with more than 100 staff supporting approximately 700 investment management firms globally. Please visit HedgeOp’s website to read the full press release.
HedgeOp Compliance, LLC has posted a new FAQ on the Dodd-Frank Wall Street Reform and Consumer Protection Act for hedge fund managers, and other private advisers. In advance of the July, 2011 deadline, managers should start thinking about how the Act affects their business and what steps they need to take. These FAQ’s give a brief overview of the new regulations and the issues that managers will need to think about.
HedgeOp plans on updating the FAQ page frequently over the next several months, especially as more rulemaking and guidance comes out from the SEC.
Click here to view the Dodd-Frank FAQs.
The SEC recently published the adopting release containing the changes to the new Form ADV Part 2. The Form ADV is the brochure that all SEC registered advisers are required to complete and update. The format of the new ADV Part 2, which will be publicly available, has changed from the old “check the box” format, to a new, more “narrative” plain English approach.
On September 30, 2010, HedgeOp Compliance CEO Bill Mulligan lead a webinar focusing on the following questions: (i) what are the key changes between the old and new forms?; (ii) what is the format of the new form and what content does it include?; (iii) when does the new ADV Part 2 need to filed with the SEC?
You can watch the seminar and download the presentation materials below.
Download Presentation Materials
Download the new ADV Part 2 form and instructions
HedgeOp Compliance, LLC will be holding a free webinar on September 30th called: “The New ADV Part 2 – What You Need to Know“
The SEC recently published the adopting release containing the changes to the new Form ADV Part 2. The Form ADV is the brochure that all SEC registered advisers are required to complete and update. The format of the new ADV Part 2, which will be publicly available, has changed from the old “check the box” format, to a new, more “narrative” plain english approach.
This seminar will focus on the following questions: (i) what are the key changes between the old and new forms?; (ii) what is the format of the new form and what content does it include?; (iii) when does the new ADV Part 2 need to filed with the SEC?
You can view more information and register for the event here.
Although the focus of Compliance Avenue is compliance issues, from time to time, we will post relevant articles from experts that apply to the business-side of the RIA. Today’s post focuses on HR issues that many workplaces may face:
After work socializing is often considered a fun way to get to know ones co-workers in a more relaxed setting. It can however stir up job pressure during these more challenging economic times.
While many employees look forward to going out with their co-workers when their work day is done, others may not be able to due to family responsibilities, transportation challenges, or personal or religions reasons. Some however may feel that if they don’t show up to social, after-work functions, they will not be considered for opportunities had they participated.
While it may be easy for a department head to unconsciously promote the employee who he had a beer with after work, and lay-off the one who didn’t show up, HR must ensure that these decisions are based upon previously established objective criteria.
Additionally HR needs to become creative in establishing other ways for employees to informally connect throughout the organization during the workday or establish an in-house social network where employees set up chat boards and bond over non-work-related issues. These days once an actual event ends, the discussion about it can continue on-line using Facebook, Twitter, etc. These social media sites allow those who weren’t able to attend by offering them the opportunity to have discussions with those who did.
HedgeOp Compliance, LLC announced today the version 2.0 release of it’s Employee Level Filing (ELF) platform with electronic linkages to over 2,800 brokerage institutions using patented state-of-the-art technology created by Yodlee™, the leading provider of online personal financial management (PFM) and revenue-generating payments solutions and services.
The ELF version 2.0 Platform contains a streamlined compliance workflow that allows employees to instantly connect to their brokerage accounts electronically, allowing for the seamless, automatic download of transaction and holdings data for compliance review purposes.
Typically, advisers comply with rule 204A-1 by receiving paper copies of employee brokerage statements. The process of reviewing of these statements can be quite burdensome, even for smaller advisers. The ELF platform streamlines this process by allowing for electronic links and automates much of the review process for CCO’s.
To learn more about the upgraded ELF platform, click here.
HedgeOp Compliance, LLC will be holding a free webinar next week on July 28th called: “Passage of Financial Reform Legislation – Next Steps to Registration and Compliance for Private Fund Advisors”
The webinar will look at the following key areas:
You can view more information and register for the event here.
With the regulatory reform package having passed through conference committee and a signed bill expected shortly, advisors to hedge funds and private equity funds need to be aware and fully informed about the SEC registration process: what it means for their business and how to prepare.
On July 28th, Join HedgeOp Compliance CEO Bill Mulligan and other members of HedgeOp’s professional staff for a free webinar that will discuss the following key areas:
More information and registration is available here.
HedgeOp Compliance, LLC, the leading provider of specialized compliance software and consulting services for alternative asset managers, has introduced two new tiers of its ADVassist adviser registration service, providing enhanced customization for fund managers registering as investment advisers with the SEC. The new suite of services, ADVassist Basic and ADVassist Advanced, enable private fund advisors to fulfill registration and compliance requirements cost-effectively and appropriate to a fund’s size, and infrastructure.
Click here for the full press release.
Rule 204A-1 under the Advisers Act (the “Code of Ethics Rule”) requires that all SEC-registered investment advisers establish, maintain and enforce a written Code of Ethics.
Last week, HedgeOp Compliance CEO Bill Mulligan conducted a seminar entitled: Code of Ethics Compliance: Understanding the Rule and Building an Infrastructure as part of HedgeOp’s Excellence in Compliance Seminar Series.
This seminar was focused on helping advisers overcome the burden of the Code of Ethics Rule by teaching about the specific provisions and reporting requirements that must be adhered to. Additionally, the seminar looked at how innovative technology can help automate many aspects of the Code of Ethics Rule and cut down on your paperwork. This seminar is not only geared towards SEC-registered managers, but also unregistered managers who have implemented (or want to implement) a Code of Ethics as a form of “best practice.”
You can watch the seminar and download the presentation materials below.
Download Presentation Materials