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Alt Fund Managers: What Needs to Be Fixed Before the SEC Exam

September 5, 2017 By Chris Kentouris Leave a Comment

Hedge fund and private equity fund managers top the list of firms having the most angst, when it comes to worrying about passing an exam  by the US Securities and Exchange Commission. They also are likely to have the the most work preparing for an exam. A recent survey of C-level executives conducted by compliance […]

Filed Under: Compliance, Financials, Funds, Rules, Security, Slider Tagged With: Compliance, FINRA, Fund Ops, Hedge Funds, Private Equity, Regulators, SEC

Alternative Funds Industry Tackles Data Culture

March 24, 2017 By Chris Kentouris Leave a Comment

Chief data officer (CDO) may not the most sought-after position at hedge fund management shops, but that isn’t stopping the C-level executives from pushing hard to create a better data management culture — including finding someone to take on the role, with or without the title. To support this effort, a new group calling itself the Data […]

Filed Under: Analytics, Compliance, Data, Funds, Investments, Investors, Risk, Security, Slider, Technology Tagged With: Compliance, Corporate Actions, Data, Fund Ops, Hedge Funds, Investment Ops, Ops Risk, Private Equity, Reconciliation, Reporting, Security, Standards, Valuation

Panama Papers Fallout: Heavier KYC/AML Burden(Updated)

May 5, 2016 By Chris Kentouris Leave a Comment

(Editor’s Note: After this article went to press, the US Treasury said it had adopted a rule requiring banks, broker-dealers, mutual funds, futures commission merchants and introducing brokers in commodities to collect and verify information on beneficial owners. The Treasury also sent to Congress legislation to approve requiring that companies formed in the US file […]

Filed Under: Compliance, Data, Financials, Funds, Investors, Outsourcing, Reporting, Slider Tagged With: AML, Brokerage Ops, Compliance, Data, FATCA, Fund Ops, Hedge Funds, Investment Ops, KYC, Outsourcing, Private Equity, SEC, Tax

Hedge Fund Managers: Five Areas of SEC Exam Focus

March 31, 2016 By Chris Kentouris Leave a Comment

We have nothing to fear as much as the Securities and Exchange Commission itself. That is what hedge fund managers should be thinking about the US regulatory agency, warn legal experts. “A little paranoia will go a long way to ensuring they are prepared for a grueling round of exams this year,” says Ron Geffner, […]

Filed Under: Compliance, Derivatives, Financials, Funds, Outsourcing, Risk, Security, Slider Tagged With: Compliance, Hedge Funds, Outsourcing, Private Equity, SEC, Security, Standards, Valuation

Registered Investment Advisers: FinCEN Says Welcome to the AML Party

September 3, 2015 By Chris Kentouris Leave a Comment

Registered investment advisers may have it a little easier than their banking brethren when complying with long-awaited anti-money laundering rules just proposed by the US Treasury’s Financial Crimes Enforcement Network (FinCEN), but they shouldn’t feel too relieved. They will still have to go through most of the same hoops to ensure their clients are not engaged in […]

Filed Under: Compliance, Outsourcing, Risk, Rules, Slider Tagged With: AML, Compliance, Fund Ops, Hedge Funds, KYC, Outsourcing, Private Equity, Regulators, SEC

Recent SEC Compliance Fines: What to Watch Out For

July 8, 2015 By Chris Kentouris Leave a Comment

Four recent enforcement actions by the US Securities and Exchange Commission each highlight a different area of concern by the regulatory agency and each sends a loud and clear message in hefty fines and professional punishment. We think they offer valuable lessons to readers of FinOps Report on how to steer clear of legal landmines. Conflict […]

Filed Under: Compliance, Derivatives, Funds, Investments, Outsourcing, Rules, Slider, Standards, Trading Tagged With: Brokerage Ops, Compliance, Custodians, Fund Ops, Hedge Funds, Investment Ops, Outsourcing, Private Equity, Regulators, SEC, Standards, Valuation

New Mutual Fund Reporting Rules: New Operational Angst

May 28, 2015 By Chris Kentouris Leave a Comment

If US mutual funds and other registered investment funds feel relief they have been spared from the cumbersome rules for systemically important financial institutions, they may not for much longer. Hefty new disclosure requirements are on the horizon, if the US Securities and Exchange Commission has its way. Although the SEC is seeking industry input before […]

Filed Under: Analytics, Compliance, Data, Derivatives, Financials, Reporting, Slider Tagged With: AIFMD, Compliance, Data, Fund Ops, Private Equity, Reporting, SEC, Valuation

FinOps Takes a Byte out of the News — 3/17/2015

March 17, 2015 By Chris Kentouris Leave a Comment

A few news items that may be of interest to our readers… CalPERS Pioneering: US pension giant California Public Employees Retirement System (CalPERS) has become the first pension plan to join a fully committed repo facility at Chicago-headquartered derivatives clearinghouse OCC. The repo facility provides contingency liquidity in the event of a member default or […]

Filed Under: Compliance, Funds, Innovation, Outsourcing, Regulations, Slider Tagged With: AIFMD, Brokerage Ops, Collateral, Compliance, FATCA, Fund Ops, Hedge Funds, KYC, Private Equity, Reporting, Tax, UCITS

Private Equity Funds: Coming Clean with Expenses, Fees

January 14, 2015 By Chris Kentouris Leave a Comment

With the US Securities and Exchange Commission calling private equity fund managers to the carpet for their fees and expenses, managers had better start preparing to be a lot more forthcoming about their practices to investors. Regulatory exams are just around the corner, warn operations and legal experts. At issue is what expenses should be absorbed by private […]

Filed Under: Compliance, Data, Funds, Investors, Reporting, Slider Tagged With: Compliance, Dodd-Frank, Fund Ops, Hedge Funds, Private Equity, Reporting, SEC

Valuation Disputes: Process for Everyday Crisis

December 5, 2014 By Chris Kentouris Leave a Comment

Internal analysis at a fund management shop sets the price of a non-exchange traded security at $US80 — the most recent trade price that could be found. However, the third party evaluations provider used by the fund manager says it’s worth no more than US$60 based on projected future cash flows and taking into account the illiquid market. What’s the […]

Filed Under: Analytics, Compliance, Funds, Slider Tagged With: Data, Fund Ops, Private Equity, SEC, Swaps, Valuation

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