Hedge Fund Blogs From HedgeCo.Net


Category Archives: compliance

Five Points from SEC’s 2016 Business Continuity Guidance Update

        In June 2016, the SEC delivered a guidance update for registered advisers regarding how funds (and their service providers) plan for potential business disruptions. Following are key takeaways from Eze Castle Integration’s Certified BCP Planners on how hedge funds and private equity firms can meet the SEC’s expectations around business continuity practices. Capture All Essential Components of […]

How to Create A Cyber Security Culture + Employee Security Awareness

Did you hear the story of the Central Bank of Bangladesh that lost $100 million to hackers? It happened in February 2016 and goes like this. The bank believes Chinese hackers executed a hack that allowed $100 million to be taken from the bank’s foreign exchange account at the Federal Reserve Bank of New York. This is just the latest […]

Top 5 Reasons Managers Need a Research Management Software (RMS)

In today’s competitive market, research management software (RMS) has become a must-have integrated feature for investment management firms. Significant benefits offered via RMS have caused a ripple effect of soaring adoption rates across the global investment industry. In this article we’ll examine how adopting a research management solution could benefit your firm. Central Repository With offices, colleagues and clients spread […]

SEC Cybersecurity Hit List: 6 Items a Hedge Fund Better Have Covered

Earlier this week we presented at a Wells Fargo Prime Services breakfast briefing on cybersecurity. During the discussion, one panelist reminded attendees that the SEC has clearly defined (and communicated) its cybersecurity expectations. He recapped the following six areas advisers must have covered to demonstrate preparedness to regulators. 1. Risk Assessments 2. Governance 3. Training 4. Access Control 5. Vendor […]

Who Dares to be the next Ben and Jerry’s or Fundrise to Raise up to $50 Million through Regulation A+?

By David Drake   All startups need capital to innovate, launch, scale and grow. For companies seeking additional financing for their working capital or to expand its operations but do not yet want to risk an IPO, using the newly approved Regulation A+ is a possible alternative.   Ben & Jerry’s Homemade Inc. (BJICA) is one firm that was able […]

Why the New Regulation A+ Rules Will Rock the Crowdfunding World

By David Drake The US crowdfunding industry hit a major milestone on March 25 this year as the SEC passed into law Reg A+ under Title IV of the JOBS Act after years of prolonged deliberation and advocating by stakeholders.   Industry experts, entrepreneurs and investors have eagerly anticipated for the passing into law of this regulation to facilitate the […]

SEC Exam Priorities 2015

January 13, 2015 Dear Friends, The SEC released its examination priorities for 2015, as outlined below. Cybersecurity: The SEC will continue its initiative to examine investment advisers’ and broker-dealers’ cybersecurity compliance controls and will also examine transfer agents. Alternative Investment Companies: The SEC will focus on mutual funds with alternative investments, specifically with respect to valuation, internal controls, and marketing […]

July 1, 2014   Dear Friends,   Recently the SEC provided guidance on the application of the Custody Rule to private funds utilizing special purpose vehicles (SPVs) or post-closing escrow accounts. SPV: Generally, as long as an SPV is owned by the investment adviser, the adviser’s related person(s) or pooled investment vehicle(s) controlled by the adviser or the adviser’s related […]

SEC Charges Firm with Pay-To-Play Violation

June 26, 2014 Dear Friends, For the first time, the SEC charged an investment adviser with violating the pay-to-play rules adopted in 2010. The firm paid an almost $300,000 fine due to $4,500 in campaign contributions made to a Philadelphia mayoral candidate and the Governor of Pennsylvania. The firm continued to accept fees from two public pension funds, within two years […]

SEC Charges Hedge Fund With Whistleblower Retaliation

Dear Friends, For the first time the SEC filed a case under its new authority to bring anti-retaliation enforcement actions. The SEC charged a hedge fund with engaging in prohibited principal transactions and retaliating against the whistleblower. The firm agreed to pay $2.2 million and to hire an independent compliance consultant. The CIO conducted transactions between the hedge fund and […]