West Palm Beach (HedgeCo.net) – Bowne & Co., Inc. has signed an alliance with HedgeOp Compliance to offer two new compliance solutions for hedge funds and other registered investment advisers.
The first of the hedge fund tools, ‘Bowne ComplianceTrak’, is an integrated compliance tracking, monitoring and reporting system specifically designed for hedge fund professionals, enabling both SEC-registered and unregistered hedge funds to build a solid foundation for their compliance programs and quickly identify potential compliance issues.
The second tool, ‘Bowne Form SH Generator’, is a tool for hedge funds meet new Securities and Exchange Commission (SEC) reporting requirements for short sales, reducing the amount of time spent on these tasks by 75% or more. "Bowne Form SH Generator is a huge time-saver for hedge funds and other institutional investment managers," said Bill Penders, President of Bowne. "It takes a three or four hour process, and completes it — with great accuracy — in a matter of seconds."
Bowne and HedgeOp Compliance, which entered into a strategic alliance in May, plan to enhance the capabilities of their compliance offerings for hedge funds and other registered investment advisers, and future versions will assist clients with other filing requirements.
Editing by Alex Akesson