ACA Compliance Group (ACA) conducted its 2020 Investment Management Compliance Testing Survey in conjunction with the Investment Adviser Association and Brightsphere Investment Group. This second article in a two-part series discusses the recently released survey results relating to Form CRS; anti-bribery and anticorruption controls; cybersecurity; and privacy. The first article
covered the survey results as to hot compliance topics; compliance programs; business continuity plans; and the impact of the coronavirus pandemic. Both articles include additional insights from Enrique Alvarez, senior principal consultant at ACA, who discussed the survey’s results with the Hedge Fund Law Report. For coverage of another recent industry survey, see “AIMA Report Outlines Adoption, Challenges and Prospects for Use of Alternative Data by Hedge Fund Managers
” (Jun. 4, 2020).