Monday, 29 August 2016
Last updated 16 min ago
Jul 23 2009 | 9:40am ET
HedgeOp Compliance has unveiled a new service aimed at helping making hedge fund registration a bit easier.
The service, ADVassist, is designed to provide focused and efficient registration and compliance infrastructure development for hedge fund managers registering as investment advisers with the Securities and Exchange Commission.
One of the focal points of the Obama Administration’s Financial System Regulatory Reform Plan is to seek the passage of legislation that would require hedge fund to become registered as investment advisers with the SEC and be in compliance with the applicable requirements under the Investment Advisers Act. There are presently three bills pending in Congress and a recent proposal from the Treasury that would achieve that goal if passed.
“We at HedgeOp are seeing a lot of activity as hedge fund managers look to get ahead of the curve on these requirements and starting the process sooner rather than later,” said Bill Mulligan, CEO of HedgeOp. “In addition to allowing for key thoughtful planning, addressing the registration issue early will provide a great deal of comfort to investors and prospective investors.”
According to HedgeOp Compliance, its new service, coupled with its proprietary and patented web-based compliance software application, is an efficient and cost-effective way to fulfill these expected requirements.