Hedge Fund Blogs From HedgeCo.Net


Books & Records to be kept by Hedge Funds

There is a lot of speculation regarding the proposals which are currently on the floor of Congress which would determine the future of hedge fund regulations.

SEC Chair, Mary Schapiro, recently pointed out that Reporting and open Books & Records were high on the regulatory priority list:

So we really need reporting. We need registration. We need the ability to examining their books and records, and understand how they’re conducting business. (source)

While there is still debate as to what will be required by hedge funds, the requirements for investment advisors are laid out in Rule 204-2 under the Investment Advisers Act. Based on this, Accounting and Compliance International has put together a comprehensive document of books and records to be maintained by hedge funds. ACI recommends all hedge funds review this document and file it  for future reference.

About Aaron Wormus

Aaron Wormus works as the Managing Director of Website Creation at HedgeCo Networks and has worked with HedgeCo since the end of 2004. Prior to working with HedgeCo Networks, Aaron managed a private consulting firm based in Frankfurt, Germany. During this time he worked implementing back-end systems for clients ranging from telecommunications companies to mining companies and Silicon Valley software distributors. Aaron Wormus is a published author who has studied Information Technology and Journalism in Finland. His written work has been published in various technology magazines, translated into 5 European languages, as well as published book. Aaron regularly speaks at PHP Programming conferences, and is involved in the organization of his local technology user group.
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