Thursday, 26 March 2015
Last updated 1 hour ago
Feb 3 2009 | 3:09pm ET
HedgeOp Compliance has been awarded a patent on its ComplianceTrak software, a workflow tool that enables hedge fund managers to meet their compliance requirements efficiently and cost effectively, according to the firm.
“In the wake of the financial crisis, and in particular, the damage it has had on investor confidence, investment in compliance infrastructure has become a chief concern for many managers,” said CEO Bill Mulligan. “Investment managers recognize that fulfilling compliance requirements is no longer optional as it becomes increasingly challenging to retain and attract investor assets. ComplianceTrak provides a cost-effective way for managers to achieve a true culture of compliance.”
Because ComplianceTrak was designed as a dynamic web-based application, it can support a compliance infrastructure and process based on the needs of an organization and best industry practices. The tool’s workflow technology enables the end user – whether it is the chief compliance officer or the chief financial officer – to provide the level of detail they require to improve transparency and address greater demands from investors and regulators.
To date, dozens of managers and more than one hundred hedge funds employ ComplianceTrak’s software to meet their regulatory requirements, according to the company.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…