RCA Compliance, Risk and Enforcement Symposium Highlights Methods for Hedge Fund Managers to Upgrade Compliance Programs

The development of a robust compliance program by hedge fund managers that addresses key issues, such as valuation, conflicts of interest and the use of expert networks, continues to be a focus for the SEC. Among various topics discussed during the recent Regulatory Compliance Association (RCA) Compliance, Risk and Enforcement Symposium, panelists proffered ways for hedge fund managers to enhance their compliance programs, including interaction with other groups within the firm; controls around expert networks; and the use of technology to augment compliance testing and controls to identify and address issues. This article highlights the salient points made on the foregoing issues. For additional insight from the RCA, see “Four Essential Elements of a Workable and Effective Hedge Fund Compliance Program” (Aug. 28, 2014); and “Perspectives from Regulators and Industry Experts on 2014 Examination and Enforcement Priorities, Fund Distribution Challenges, Conducting Risk Assessments, Compliance Best Practices and Administrator Shadowing (Part Three of Three)” (Jan. 9, 2014).

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