Friday, 19 December 2014
Last updated 6 hours ago
Nov 18 2005 | 8:42pm ET
It seems that when it comes to hedge fund compliance, one person's pain is another one's gain. Firms specializing in hedge fund compliance tools are aiming to cash in with a series of new products promising to ease the burden of those pesky regulatory procedures. At least four products have hit the market this week alone, including a certification service and a compliance manual.
London- and Bermuda-based Amber Partners, a specialist firm that sifts though hedge funds' corporate documents and trading records, unveiled a service on Wednesday that offers to "certify" a fund's operations following a thorough investigation. What it will not do, however, is review a managers' investments or trading risk.
Amber Partner's stamp of approval does not come cheap. The firm charges between $40,000 and $500,000 to conduct a review.
The Hedge Fund Manual also hit the shelves this week. Kluwer Financial Services, which launched the product, claims the online manual "simplifies and expedites" the process of documenting a hedge fund's policies and procedures. The firm said its application addresses the SEC regulations mandating hedge funds to have a compliance manual in place.
So, with the hundreds of products and services out there claiming to cure hedge fund headaches, perhaps it's only a matter of time before someone launches a product rating the products.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.