HedgeOp Compliance, LLC Introduces Update to Web-Based Compliance Tracking, Monitoring and Reporting System

New York, New York– November 27, 2006 – HedgeOp Compliance LLC, a leading provider of specialized products and services to the hedge fund community, today announced the launch of their updatedComplianceTrak software system.  Powered by the latest development technology, ComplianceTrak is a secure, web-based application created to help emerging and established hedge fund managersfulfill compliance responsibilities, enhance operational productivity and demonstrate a culture of compliance to investors, auditors and examiners alike. “In the complex world of hedge fundregulatory compliance, it is imperative that you build a prudent, effective compliance infrastructure that serves your investors’ best interests,” said William G. Mulligan, Jr., CEO of HedgeOpCompliance.  “Whether you are a large, multi-billion dollar institution or an emerging start-up manager, ComplianceTrak can help you cut through the overwhelming layers of regulation and build asolid foundation for your hedge fund business.”

Available for a monthly subscription fee, ComplianceTrak features include the following:

The “Dashboard”: The focal point of a manager’s compliance infrastructure, the “Dashboard” gives users instant access to the interactive compliance calendar, reporting and monitoring functionality.

The focal point of a manager’s compliance infrastructure, the “Dashboard” gives users instant access to the interactive compliance calendar, reporting and monitoring functionality.

Interactive Compliance Calendar: A fully-customizable calendar that offers daily, weekly, or monthly formats as well as integrated task tracking, reminders, notes, reporting and recordkeeping capabilities.

E.L.F. Portal: The proprietary Employee Level Filing portal enables users to create a customized compliance ‘intranet’ that addresses the specific compliance requirements directed at employees such as Code of Ethics reporting (such as filing and monitoring Access Person reports, gift receipts/notifications, etc).

Fund-Level and Adviser-Level Compliance Portals: These portals include logic that automatically calculates a variety of compliance data, enabling you to easily monitor and report on various fund and adviser statistics.

Dynamic Report Generation: Allows users to create and archive compliance reports enabling them to easily demonstrate a culture of compliance and a critical review of certain compliance requirements.

HedgeOp Compliance Guide:  All ComplianceTrak subscribers receive a copy of the HedgeOp Compliance Guide, a comprehensive reference resource designed to help them understand and address specific compliance, operational and business issues.

Quarterly Newsletters:  All ComplianceTrak subscribers receive HedgeOp’s Quarterly Newsletters which are written by HedgeOp’s senior compliance staff.

Additional details about HedgeOp Compliance and ComplianceTrak can be found at http://www.hedgeop.com.

About HedgeOp Compliance, LLC

Founded in 2001, HedgeOp has developed a successful business based on its proactive approach to servicing clients and proven reputation. Our clients range from start-up hedge funds to large firmswith well-established track records.  Since inception, our unwavering focus has been to support both registered and unregistered hedge fund managers with superior products and services toaddress the ever-changing regulatory environment. 

Media Contact:

Mitch Ackles, Hedge Fund PR

Tel: 786-556-1136

Email: [email protected]