Hedge Funds
Hedge Fund Compliance Services
Vigilant is an Award Winning and Industry Leading Compliance Firm that continues to remain Independent and Privately Held delivering Clients with end to end Solutions that they can trust. We provide custom and personalized outsourced compliance services to Hedge Fund Advisers, Hedge Fund Managers and other Private Fund Managers.
Our client size ranges from start-ups to multi billions in assets under management (AUM). Types of Hedge Funds we work with are Fund of Funds, Feeder Funds, Special Purpose Vehicles (SPVs), Offshore Funds and other Private Funds.
If your Chief Compliance Officer does not have the capacity (e.g., dual hatted) or adequate resources in place and are in need of additional support, Vigilant has the knowledge and expertise to assist you in maintaining a strong Hedge Fund Compliance Program.
Through the following suite of services, Vigilant can either manage your entire compliance program or provide you with select support through the following:
Vigilant’s Suite of Hedge Fund Compliance Services
- Full Service Compliance Support to in-house Chief Compliance Officer (“CCO”)
- Utilize an expert staff of compliance experts without building a cost center
- Vigilant under the direction of the in-house CCO will perform all SEC compliance related obligations
- Including but not limited to, Annual Rule 206(4)-7 Report, Risk Assessment Matrix, Compliance Calendar Management, Key Vendor Due Diligence, Regulatory Filings, Code of Ethics & Personal Trading Management, Compliance Training, Cybersecurity Assistance, etc.
- Interim Outsourced CCO
- Flexible availability of expertise over a short to interim time period.
- Outsourced CCO
- Provides need for firms with limited resources and/or in-house expertise.
- Specialized Compliance Consulting Services is another service model of Vigilant that is tailored to support firms on their targeted needs throughout their Compliance Program
- Industry Best Practice Reviews of Hedge Fund Compliance Programs
- Mock SEC and/or NFA Examinations
- Mock SEC and/or NFA Interviews
- Tailored SEC and/or NFA Document Request Lists
- Formal Written Reports Evidencing such Reviews and Recommendations
- Web CRD, IARD, Edgar, NFA ORS Management
- SEC Registration & Exempt Reporting Adviser Registration (ERA)
- Form ADV Annual & Updating Amendments
- Form PF Filings
- Section 13 Filings (e.g., 13F, 13H, 13D, 13G)
- NFA & CFTC Filings
- Select Additional Filings
- Assistance and/or Management of SEC & NFA Examinations
- Supporting Documentation Compilation
- Supporting Documentation Review
- Drafting and Review of Submittal Letter
- Interview preparation
- Participation in Regulatory Examination Calls/Meetings
- Creation of Day 1 SEC Presentation
- Expert Consultant in SEC Enforcement Actions
- Security Breach Response Assistance
- In-person & Select Electronic Training
- Compliance Training
- Code of Ethics, Conflicts of Interest and Personal Trading Training
- Insider Trading and MNPI Training
- Online Cybersecurity Training Platform
- Automated Phishing Tests
- Industry “Hot Topic” Trainings (e.g., Senior Diminished Capacity, Relevant SEC Enforcement Actions, etc.)
Hedge Funds and other Private Fund Managers have unique risks that require specialized Compliance Programs due to their investment styles. Vigilant is experienced in developing and operating Compliance Programs for Hedge Funds as well as registering them.
Key Compliance Considerations for Outsourced Compliance
Vigilant and its staff of experienced compliance professionals have extensive experience managing and supporting Hedge Fund Managers’ compliance programs.
When partnering with Vigilant, we allow Hedge Fund Managers to focus on managing their Fund(s), growing their Limited Partner (“LP”) base, and other core competencies.
Common questions we see asked by Hedge Fund Managers considering outsourcing are:
- Do we have enough internal resources or the right external resources in place?
- Can we keep up with the regulatory requirements not only today, but in the future, as we grow and our regulatory obligations increase?
As you consider Compliance Support, our Hedge Fund Compliance Services can help with the following:
- Become and stay compliant with relevant SEC compliance rules and other regulatory requirements
- Prepare and respond to regulatory reviews and inquiries
- Reduce and mitigate risk associated with a compliance failures
- Give you peace of mind and allow you to focus on growing your firm
Vigilant’s Hedge Fund Compliance Offering
If your firm is eligible or required to register with the SEC, you are required to adopt and implement certain policies and procedures.
Your firm’s compliance policies and procedures must meet certain Investment Advisers Act guidelines and/or regulatory guidance.
Specifically to Hedge Funds, Vigilant assists Clients in:
- Expert Networking Chaperoning
- Side by Side Management
- Expense Allocation
- Best Execution and Broker Analysis
- Value Added Investors and Material Non-Public Information (MNPI) Risk Management
Our compliance consultants can:
- Develop and implement written compliance policy and procedures that meet or exceed current rules and regulations. Our experienced consultants will review your business plan or existing operation and devise a strategy that assures your commitment to secure, ethical and legal practices.
- Review and amend your existing policies and procedures to meet Adviser Act requirements. It is in the best interests of your clients and your firm that your business encourages a culture where compliance forms the foundation of your reputation. Our consultants will review your existing policies and procedures, identify potential problems and design the policies and procedures that will help your business grow, safely and securely.
- Assist and manage Code of Ethics requirements.
- Conduct mock SEC exams. Assure thorough preparation for your upcoming SEC exam with training from Vigilant, including mock SEC exams that measure retention and performance.
- Review your marketing, advertising and communications materials. Registered Investment Advisers must adhere to strict regulations when communicating with clients and the public. Ask us to review your marketing and communications strategies to assure your compliance with the Act.
- Prepare and submit accurate filings. Vigilant prepares, reviews and files Form ADV, Form PF, 13F, 13G and 13H forms on behalf of our clients.
- Investigate past practices and transactions. Vigilant provides thorough forensic compliance solutions.
- Complete 206(4)-7 Compliance Report.
Most Firms Come to Vigilant for On-Going Compliance
Most firms find on-going compliance integral in managing their regulatory obligations. We work with many new and established Hedge Fund Advisers to help them stay within compliance and follow the rules and regulations through our end-to-end Compliance Solutions.
Contact Vigilant
Vigilant is a full service Compliance Solutions Firm servicing the regulatory needs of a diversified range of investment management and financial services clients.
With team members in New York, Philadelphia, Boston, Texas, Metro Washington, D.C., Pittsburgh, Tennessee, Georgia, Florida and around the nation, Vigilant is well positioned to help your business create and sustain an effective Hedge Fund Compliance Program.
For over 20 years, Vigilant has been a leader among regulatory compliance consulting firms; uniting regulatory compliance and financial expertise paving the way to the Market for our clients.
Contact Vigilant for a complimentary consultation at 1-888-229-1855