Compliance Officers Get Their Own Trade Association

Nov 1 2006 | 12:57pm ET

Bill MulliganThere’s a new hedge fund association on the block, and unlike its more established counterparts—the Hedge Fund Association and the Alternative Investment Management Association—this one will focus specifically on the hot topics of compliance and best practices.

The Alternative Investments Compliance Association was recently formed by a group of chief compliance officers from 10 alternative investment firms with an aggregate of over $12 billion in assets under management, as well as hedge fund service provider HedgeOp Compliance.

William Mulligan, Jr., CEO of HedgeOp Compliance, declined to name the investment firms involved in the organization, but added that once the organization is up and running later this year it will release a representative list of members.

In an email to FINalternatives, Mulligan wrote that the new organization is different from others out there because of “its surgical focus on compliance and regulatory issues applicable to alternative investment firms, with special attention to best practices for CCOs.”

He added that the organization, which will initially be focused on U.S. regulations, will also act as a strong advocate for alternative investment firms as it relates to the issues addressed by their CCOs and compliance professionals.

“We fully expect that the AICA will be a force in working with regulatory bodies to make compliance and regulatory requirements applicable to its members as efficient and streamlined as possible,” he wrote.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of