ACA 2017 Fund Manager Compliance Survey Addresses Investment Allocations, Conflicts of Interest and Valuation (Part Two of Two)

ACA Compliance Group (ACA) recently discussed the findings of its 2017 Alternative Fund Manager Compliance Survey in a webinar featuring Colleen Marencik and Brian Lattanzio, director and consultant, respectively, at ACA. This article, the second in a two-part series, discusses the survey’s findings with respect to investment allocation practices by private equity and real estate managers, including co-investments; cross transactions; best execution and fees; conflicts of interest; and valuation. The first article examined the survey’s findings regarding recent SEC examination experiences, along with hedge fund trading and counterparty issues, including best execution; soft dollars; principal transactions and cross trades; dark pools; and trade errors. For additional commentary from ACA, see our two-part roadmap to maintaining books and records: “Compliance With Applicable Regulations” (Nov. 2, 2017); and “Document Retention and SEC Expectations” (Nov. 9, 2017); and our two-part series “A Roadmap for Advisers to Comply With Marketing and Advertising Regulations”: Part One (Aug. 3, 2017); and Part Two (Aug. 10, 2017). See also our coverage of ACA’s 2016 Compliance Survey; 2015 Compliance Survey; 2014 Compliance Survey; and 2013 Compliance Survey.

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