Exposure to personal liability for hedge fund chief compliance officers (CCOs) increases with growing demands and responsibilities. Despite the SEC’s attempts to quell the debate, questions linger about the extent of CCO liability. See “SEC Enforcement Director Assures CCOs They Need Not Fear SEC Action Absent Wrongdoing” (Nov. 19, 2015). Global law firm DLA Piper recently released the results of its first-ever compliance survey, which uncovered considerable concern over CCO liability and explored other topics of interest to compliance professionals including resources, testing and budgets; reporting; training; disaster recovery and cybersecurity; and key compliance risks. Although the survey was not specifically aimed at the hedge fund sector, the results provide valuable insight to hedge fund CCOs on these issues. This article summarizes DLA Piper’s findings. For an article discussing another compliance survey, see “ACA 2014 Compliance Survey Covers SEC Exams, CCOs, Compliance Reviews, Custody, Fees and Personal Trading” (Dec. 11, 2014).