HedgeOp Introduces Short-Sale Reporting Platform

Mar 4 2009 | 12:41pm 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

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of