HedgeOp Introduces Short-Sale Reporting Platform

Mar 4 2009 | 11:41am ET

HedgeOp Compliance has released the ComplianceTrak Form SH Platform, a tool for hedge funds to efficiently and cost effectively meet new Securities and Exchange Commission reporting requirements for short sales.

In October, the SEC mandated weekly Form SH filing requirements for money managers, to address market volatility. Form SH followed the Sept. 19 temporary ban on short-selling that was implemented amid the financial markets crisis. It is for money managers that are also required to file the quarterly Schedule 13-F on long positions.
“The SEC estimates that the Form SH filing process can take up to 20 hours per week to complete, at a cost of $1,000 per filing,” said CEO Bill Mulligan. “HedgeOp’s Form SH Platform automates this time-intensive process, reducing the time spent on each filing by approximately 75%. The Form SH Platform saves staff resources, which over the course of the year adds up to a significant and meaningful reduction in operational costs.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...