Tuesday, 21 October 2014
Last updated 15 min ago
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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...