In a recent webinar, L. Allison Charley and Lisa Ollar, both senior principal consultants at ACA Compliance Group (ACA), discussed the results of ACA’s 2019 Alternative Fund Manager Survey pertaining to hedge funds. This second article in our two-part series reviews the survey’s findings with respect to insider trading controls adopted by fund managers, cybersecurity, valuation, marketing and custody. The first article explored the survey’s demographics and its findings with respect to SEC examination trends, common questions that arise pertaining to an adviser’s code of ethics, surveillance of electronic communications, trade documentation and expense allocations. See our coverage of ACA’s 2017 compliance survey: “SEC Exams and Practices Used to Mitigate Counterparty Risk” (Jan. 18, 2018); and “Investment Allocations, Conflicts of Interest and Valuation” (Feb. 1, 2018).