Hedge Fund Registration and Compliance Services

Hedge Fund Registration & Compliance Services

Hedge Fund Registration and Compliance ServicesMany firms are already beefing up their compliance services divisions as the industry expects many layers of both asset and industry regulation over the next 18 months. While many funds prepare for increased costs during their most challenging periods of existence many auditing and consulting firms see an opportunity to grow their own business by helping funds meet new requirements.

Just this morning a press release went out from a firm explaining how their services could be used if the Hedge Fund Transparency Act passes later this year. Here is quote from this release:
By the fourth quarter, Congress is expected to pass The Hedge Fund Transparency Bill of 2009, which would require investment companies or advisers that are exempt from normal registration, but have at least $50 million in assets under management (AUM), to register with the SEC. “Those funds that have already registered must be prepared for additional oversight and a more aggressive examination and enforcement agenda; those funds that have not yet registered may be required to create a complete internal control and compliance infrastructure in order to be prepared for the regulatory examination process,” said Jack Katz, national managing partner of Grant Thornton’s Financial Services practice.
For more information on hedge fund regulations and compliance please see our: Hedge Fund Regulation Corner

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