Compliance Software-Maker HedgeOp Merges With IMS Group

Feb 10 2012 | 9:13am ET

U.S.-based HedgeOp Compliance, a provider of compliance software and consulting services, is merging with the IMS Group, a leading European governance, risk and compliance services group.

The newly merged firms will operate as HedgeOp Compliance-an IMS Group company, with a staff of 100 and offices in New York, Boston and San Francisco. Bill Mulligan, founder and chief executive of HedgeOp, will continue in his role and report to IMS Group chief executive, Michel van Leeuwen. The entire HedgeOp management team and staff will continue in their current roles.

The firm said in a statement that the combined group “further increases its capabilities to holistically deliver global compliance services via HedgeOp’s compliance software subsidiary, EvenWheel Solutions, the successful cloud‐based regulatory solutions platform currently servicing about 150 firms and over 3,000 users on its employee filing platform.”

IMS is backed by UK private equity specialist Sovereign Capital.

Said van Leeuwen, in a statement: “Following the financial crisis of 2008, IMS made a strategic decision to increase its expertise in America. This is mainly due to the SEC’s decision to increase its regulatory scope outside of the U.S. and the need for UK managers to access the US market, creating an increased requirement amongst many of our clients for a broader service provision across Europe and the U.S.. IMS has always sought to grow its business in line with the needs of our clients and as regulatory requirements become more consistent globally, we plan to create a global regulatory services group. I greatly look forward to working with HedgeOp, which has an excellent reputation.”


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

New customer protection rules have landed: Are you ready?

The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.