The long–awaited guide for modern hedge fund compliance program development Hedge Fund Compliance + Website provides straightforward, practical guidance toward developing a hedge fund compliance program, drawn from the author?s experience training financial regulators, consulting with government entities, and analyzing hedge fund compliance structures across the globe. In–depth explanations of compliance principles are backed by illustrative case studies and examples. Highly in–demand templates of popular hedge fund compliance documentation provide actionable illustrations of key compliance policies. Designed to assist investors, fund managers, service providers, and compliance job seekers directly, this book describes the fundamental building blocks of the hedge fund compliance function. Compliance is one of the fastest growing areas in the hedge fund space. This reference book provides an essential foundation in modern hedge fund compliance, reflecting the recent changes of this dynamic field. Design and run a hedge fund compliance program Access templates of core compliance documentation and checklists Discover how investors can evaluate and monitor compliance programs Interviews with hedge fund compliance practitioners A steady stream of regulatory changes, combined with the enhanced enforcement efforts of regulators, ensure that hedge funds? compliance–related expenditures will continue to grow. While hedge fund compliance legislation continues to evolve globally, little practical guidance exists for those tasked with the boots–on–the–ground aspects of developing an actual compliance program to comply with best practices and regulatory guidance from leading hedge fund regulators including the US Securities and Exchange Commission, the National Futures Association, the Commodity Futures Trading Commission and the United Kingdom?s Financial Conduct Authority. Hedge fund professionals and investors need a fundamental framework for establishing and evaluating an effective program, and when compliance is the issue, trial and error carries too much risk. Hedge Fund Compliance + Website provides clear guidance and practical tools to meet today?s compliance professional needs. INDICE: Preface .Chapter 1: Introduction to Hedge Fund Compliance .Introduction .Differences in hedge fund and other alternative fund compliance .Hedge fund compliance is not specific to one country .Do alternative investments merit special compliance considerations? .Understanding the hedge fund compliance framework .Introduction to the hedge fund compliance function .Distinguishing the legal and compliance departments .Key players in compliance .Standard areas covered by a hedge fund compliance function .Compliance function roles and authority .Chapter Summary .Chapter 2: Introduction to Hedge Fund Regulation and Examination .Introduction .Different types of regulation for different financial entities .Why Regulation Is Needed .Where do compliance rules come from? .National and Global Jurisdiction .Common regulatory interaction with hedge funds .Regulatory examinations .Chapter Summary .Chapter 3: The Chief Compliance Officer and Regulatory Reporting .Introduction .Introducing the Chief Compliance Officer .Regulatory Reporting .Regulatory reporting in multiple jurisdictions .Common regulatory reporting questions .A Multi–Step Process .Chapter Summary .Chapter 4: In–House Compliance Professionals and Hedge Fund Committees .Introduction .Common compliance function tasks .Firm committees as compliance mechanisms .Chapter Summary .Chapter 5: Hedge Fund Compliance Technology .Introduction .Understanding the hedge fund information technology function .Primary compliance uses of technology .Compliance considerations for use of electronic data .Compliance oversight of non–electronic data .Business continuity and disaster recovery planning .Chapter Summary .Chapter 6: Compliance Consultants and Other Compliance Related Service Providers .Service provider compliance .Classification of compliance service providers .Service provider compliance work .Hedge fund compliance consultants .Chapter Summary .Chapter 7: Understanding Key Compliance Documentation .Reasons for documenting compliance policies and procedures .Understanding the goals of compliance documentation .Jurisdictional differences in compliance documentation .Understanding boilerplate documentation .Core compliance documentation .Chapter Summary .Chapter 8: Investor Evaluation of Hedge Fund Compliance Functions .Introduction .Compliance evaluations in investor due diligence .Initial and ongoing compliance analysis .Evaluating best practice compliance .Key compliance analysis areas .Chapter Summary .Chapter 9: Case Studies and Example Scenarios in Hedge Fund Compliance .Introduction .Compliance Scenario #1 .Compliance Scenario #2 .Case studies .Chapter Summary .Chapter 10: Common Compliance Pitfalls and How to Avoid Them .Introduction .Pitfall #1: Small firms build large firm compliance infrastructures .Pitfall #2: Under spending on compliance .Pitfall #3: Lack of independent compliance reporting .Pitfall #4: Outsourcing all compliance .Pitfall #5: Relying on technology and compliance automation .Pitfall #6: Letting investor opinion drive compliance priorities .Chapter Summary .Chapter 11: Interviews With Compliance Service Providers .Introduction .Interview with Kent Wegrzyn (ACA Compliance Group) .Interview with Vinod Paul (Eze Castle Integration) .Chapter Summary .Chapter 12: Trends and Future Developments .Introduction .Chief Compliance Officers personal liability concerns .Increased senior manager regulatory accountability .Compliance–related insurance increases .Increased coordinated hedge fund regulation in Europe .Chapter Summary .About the Author .About the Companion Website .Index
- ISBN: 978-1-119-24023-5
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 208
- Fecha Publicación: 20/01/2017
- Nº Volúmenes: 1
- Idioma: Inglés