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Hedge Fund Compliance Technology Spending Is On The Rise

20130712_Trade_SurveillanceNew York (HedgeCo.Net) – It seems hedge funds are wiling to spend more these days in an effort to avoid regulatory pitfalls. Compliance technology spending is likely to grow by 35% from 2012 to 2015, according to a new study by Aite Group “The Trade Surveillance Compliance Market and the Battle for Automation.”

“A good compliance platform should navigate many challenges in order to generate accurate and consistent alerts as well as the specific key features a system must have in order to remain competitive.” Danielle Tierney, analyst in Institutional Securities & Investments at Aite Group, said.

“Hedge funds have found they must confront the new wave of operational due-diligence and regulatory measures,” another compliance firm, Linedata, said “Accurate and timely reporting as well as transparency have been propelled into the spotlight, not only by the regulator but also by investors, who are stepping up their due diligence when it comes to selection and redemption criteria.”

“In order to meet investors’ expectations hedge fund firms’ people, processes and technology often require realignment, placing a heavy burden on in-house resources, and the resultant complexity and cost involved has led many hedge funds to outsource their compliance requirements.” Linedata said in a press release.

Alex Akesson
Editor for HedgeCo.net
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