On Wall Street – Alternative investment funds which need to register with the Securities and Exchange Commission for the first time will find it a costly process, according to research firm Aite Group. Hedge funds and private equity funds will find their costs increasing on several fronts: legal, technology and staffing.
An Aite report released Monday says that depending on the size, complexity and products of an alternative fund, a portfolio management and accounting system could cost $100,000 to $400,000 at a minimum and over $1 million at most. Portfolio management systems are needed to retain the books and records of the hedge funds.
