Hedge Fund Compliance: Risks, Regulation, and Management (Wiley Finance) - Hardcover

Scharfman, Jason A.

Hardcover

ISBN 10: 1119240239 ISBN 13: 9781119240235

Publisher: Wiley, 2016

Synopsis

The long-awaited guide for modern hedge fund compliance program development

Hedge Fund Compliance + Website provides straightforward, practical guidance toward developing a hedge fund compliance program, drawn from the author's experience training financial regulators, consulting with government entities, and analyzing hedge fund compliance structures across the globe. In-depth explanations of compliance principles are backed by illustrative case studies and examples. Highly in-demand templates of popular hedge fund compliance documentation provide actionable illustrations of key compliance policies. Designed to assist investors, fund managers, service providers, and compliance job seekers directly, this book describes the fundamental building blocks of the hedge fund compliance function.

Compliance is one of the fastest growing areas in the hedge fund space. This reference book provides an essential foundation in modern hedge fund compliance, reflecting the recent changes of this dynamic field.

• Design and run a hedge fund compliance program
• Access templates of core compliance documentation and checklists
• Discover how investors can evaluate and monitor compliance programs
• Interviews with hedge fund compliance practitioners

A steady stream of regulatory changes, combined with the enhanced enforcement efforts of regulators, ensure that hedge funds' compliance-related expenditures will continue to grow. While hedge fund compliance legislation continues to evolve globally, little practical guidance exists for those tasked with the boots-on-the-ground aspects of developing an actual compliance program to comply with best practices and regulatory guidance from leading hedge fund regulators including the US Securities and Exchange Commission, the National Futures Association, the Commodity Futures Trading Commission and the United Kingdom's Financial Conduct Authority. Hedge fund professionals and investors need a fundamental framework for establishing and evaluating an effective program, and when compliance is the issue, trial and error carries too much risk. Hedge Fund Compliance + Website provides clear guidance and practical tools to meet today's compliance professional needs.

About this title

About the Author

JASON A. SCHARFMAN is managing partner of Corgentum Consulting, a consulting firm specializing in operational due diligence reviews and background investigations of fund managers on behalf of investors. A leading expert in the field of due diligence, he is author of Hedge Fund Governance, Private Equity Operational Due Diligence, and Hedge Fund Operational Due Diligence.

From the Back Cover

What began as a repetitive exercise in following established regulatory rules has evolved into one of the most high-profile and complex practices in hedge fund management. Part of what makes compliance so tricky is the constantly changing landscape of regulatory activity, including enforcement and surveillance initiatives and laws, but with Hedge Fund Compliance you can create a state-of-the-art compliance program that gives you peace of mind and enhances your hedge fund.

This authoritative guidebook shares the wisdom, insight, and practical understanding of an industry specialist whose experience includes training financial regulators, consulting with government entities, developing compliance functions, and analyzing thousands of hedge fund compliance structures around the globe. His straightforward advice goes beyond the specifics of particular regulations to provide an overhead perspective on how the fundamental building blocks of hedge fund compliance fit together for optimal performance. Whether you’re an active or prospective investor, fund manager, or service provider, this endlessly useful resource serves as a step-by-step road map to implementation as well as a comprehensive reference conveniently organized by key compliance topic. Historical case examples and illustrative hypothetical scenarios open up a real-world perspective on what to expect during every aspect of the compliance process. Put yourself ahead of the curve with an insider’s look at:

• The role of the overall internal compliance mechanism, including Chief Compliance Officer (CCO), all shared and dedicated compliance personnel, and fund committees
• How investors conduct due diligence on hedge fund compliance, with a focus on policies for employee personal account dealing and material non-public information
• Insightful interviews highlighting the latest ways hedge funds are strategically using third-party compliance service providers to establish and run compliance programs

Complete with practical templates and powerful tools built for everyday performance, Hedge Fund Compliance is a powerful advantage to give your fund in an increasingly multidimensional world.

From the Inside Flap

What began as a repetitive exercise in following established regulatory rules has evolved into one of the most high-profile and complex practices in hedge fund management. Part of what makes compliance so tricky is the constantly changing landscape of regulatory activity, including enforcement and surveillance initiatives and laws, but with Hedge Fund Compliance you can create a state-of-the-art compliance program that gives you peace of mind and enhances your hedge fund.

This authoritative guidebook shares the wisdom, insight, and practical understanding of an industry specialist whose experience includes training financial regulators, consulting with government entities, developing compliance functions, and analyzing thousands of hedge fund compliance structures around the globe. His straightforward advice goes beyond the specifics of particular regulations to provide an overhead perspective on how the fundamental building blocks of hedge fund compliance fit together for optimal performance. Whether you're an active or prospective investor, fund manager, or service provider, this endlessly useful resource serves as a step-by-step road map to implementation as well as a comprehensive reference conveniently organized by key compliance topic. Historical case examples and illustrative hypothetical scenarios open up a real-world perspective on what to expect during every aspect of the compliance process. Put yourself ahead of the curve with an insider's look at:

• The role of the overall internal compliance mechanism, including Chief Compliance Officer (CCO), all shared and dedicated compliance personnel, and fund committees
• How investors conduct due diligence on hedge fund compliance, with a focus on policies for employee personal account dealing and material non-public information
• Insightful interviews highlighting the latest ways hedge funds are strategically using third-party compliance service providers to establish and run compliance programs

Complete with practical templates and powerful tools built for everyday performance, Hedge Fund Compliance is a powerful advantage to give your fund in an increasingly multidimensional world.

Edition details

• Publisher: Wiley
• Publication date: 2016
• Language: English
• ISBN 10: 1119240239
• ISBN 13: 9781119240235
• Binding: Hardcover
• Edition number: 1
• Number of pages: 208