HedgeOp Compliance, LLC Launches New Hedge Fund SEC Registration Service

Share Article

HedgeOp Compliance, LLC, one of the industryÂ?s leading compliance consulting firms, announced the launch of its ADVassist hedge fund registration service today.

HedgeOp Compliance, LLC, one of the industry’s leading compliance consulting firms, announced the launch of its ADVassist hedge fund registration service today. ADVassist is designed to provide focused and efficient registration and compliance infrastructure development for hedge fund managers. The service is a concentrated exercise with the purpose of (1) completing the registration process; and (2) creating a solid foundation for development of a compliance infrastructure.

As of February 1, 2006, most hedge fund managers must be registered as investment advisors with the SEC and be in compliance with the applicable requirements under the Investment Advisers Act. The expertise of HedgeOp Compliance’s team of professionals coupled with the use of HedgeOp’s proprietary web-based compliance platform make ADVassist an efficient and cost-effective method of fulfilling these requirements.

ADVassist consists of the following services:

Registration Assistance:

  • Establishing required IARD accounts
  • Preparation of Form ADV Part I and draft Part II

Compliance Infrastructure Development Assistance:

  • Training and instructions regarding use of IARD system and filing of Form ADV Part I
  • Concentrated training on use of the compliance support tools available on the HedgeOp Web-Based Platform
  • Generation of Compliance Manual with Insider Trading Policy, Code of Ethics, Proxy Voting Procedures, and other customizable elements.
  • Hot-button compliance checklist; and
  • Customized compliance calendar

Bill Mulligan, HedgeOp’s CEO believes that the ADVassist service “will be a huge time and money saver for small to mid-size managers who need to get registered and build out a compliance infrastructure.” He also adds that “the continued use of the HedgeOp web-based compliance platform after the consulting portion of the project is complete adds great value to the user and facilitates ongoing maintenance and monitoring of compliance issues.”

About HedgeOp Compliance, LLC:

Founded in 2001 by Bill Mulligan, HedgeOp Compliance’s staff of 26 professionals (including 5 former attorneys with extensive hedge fund experience), provides hedge funds and funds of hedge funds with a wide array of proactive, “outsourced” compliance, operational and business support services. Prior to founding HedgeOp, Bill Mulligan was a hedge fund attorney at Seward & Kissel, LLP. HedgeOp Compliance, LLC presently has three divisions – Private Fund Services (i.e., proactive consulting), Due Diligence Research & Reporting Services (i.e., non-investment due diligence support for fund of funds) and Web-Based Services (i.e. online compliance support tools). HedgeOp has hedge fund and fund of hedge fund clients with a total of over $13 billion in assets under management. HedgeOp Compliance can be visited on the web at: http://www.hedgeop.com.


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jordan Schwartz