HedgeOp Compliance Unveils New Hedge Funds Registration Services

Jun 28 2010 | 9:52am ET

HedgeOp Compliance, which provides compliance software and consulting services to alternative asset managers, has introduced two new services to its adviser registration platform.

The new suite of services, ADVassist Basic and ADVassist Advanced, enable private fund advisers to fulfill registration and compliance requirements cost-effectively and appropriate to a fund's size and infrastructure, according to the firm.
"With financial reform a reality, private fund advisers should be preparing for registration now," said William Mulligan, managing partner and chief executive officer of HedgeOp Compliance. "Now is the time for these firms to implement a formal testing and review of their compliance procedures. In so doing, they'll be better equipped to identify issues that are of concern before they become problem spots."

ADVassist's new structure features two levels of service that are designed to meet the needs of firms on an individualized basis, providing the flexibility for advisers—from billion dollar global funds to single manager firms. Firms can opt for varying levels of support, ranging from basic SEC registration to more in-depth compliance infrastructure creation.

"There are vast differences in the structure and operations of a billion dollar global hedge fund firm and a single manager long-short fund firm and their respective compliance needs," said Mulligan. "We think that many firms will need this level of support, and we now have a service that can be scaled up or down to effectively meet the unique requirements a fund may have."

HedgeOp Compliance, which was founded in 2001, focuses exclusively on helping investment managers meet their compliance, operational and due diligence challenges.

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