{"product_id":"hedge-fund-compliance-isbn-9781119240235","title":"Hedge Fund Compliance","description":"\u003cb\u003eThe long-awaited guide for modern hedge fund compliance program development\u003c\/b\u003e \u003cp\u003e\u003ci\u003eHedge Fund Compliance + Website\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eCompliance 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. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDesign and run a hedge fund compliance program\u003c\/li\u003e \u003cli\u003eAccess templates of core compliance documentation and checklists\u003c\/li\u003e \u003cli\u003eDiscover how investors can evaluate and monitor compliance programs\u003c\/li\u003e \u003cli\u003eInterviews with hedge fund compliance practitioners\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA 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. \u003ci\u003eHedge Fund Compliance + Website\u003c\/i\u003e provides clear guidance and practical tools to meet today's compliance professional needs. \u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction to Hedge Fund Compliance 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eDifferences in Hedge Fund and Other Alternative Fund Compliance 1\u003c\/p\u003e \u003cp\u003eHedge Fund Compliance Is Not Specific to One Country 4\u003c\/p\u003e \u003cp\u003eDo Alternative Investments Merit Special Compliance Considerations? 5\u003c\/p\u003e \u003cp\u003eUnderstanding the Hedge Fund Compliance Framework 9\u003c\/p\u003e \u003cp\u003eIntroduction to the Hedge Fund Compliance Function 10\u003c\/p\u003e \u003cp\u003eDistinguishing the Legal and Compliance Departments 11\u003c\/p\u003e \u003cp\u003eKey Players in Compliance 12\u003c\/p\u003e \u003cp\u003eStandard Areas Covered by a Hedge Fund Compliance Function 14\u003c\/p\u003e \u003cp\u003eCompliance Function Roles and Authority 16\u003c\/p\u003e \u003cp\u003eChapter Summary 17\u003c\/p\u003e \u003cp\u003eNotes 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Introduction to Hedge Fund Regulation and Examination 18\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 18\u003c\/p\u003e \u003cp\u003eDifferent Types of Regulation for Different Financial Entities 18\u003c\/p\u003e \u003cp\u003eWhy Regulation Is Needed 20\u003c\/p\u003e \u003cp\u003eWhere Do Compliance Rules Come From? 22\u003c\/p\u003e \u003cp\u003eNational and Global Jurisdiction 23\u003c\/p\u003e \u003cp\u003eCommon Regulatory Interaction with Hedge Funds 24\u003c\/p\u003e \u003cp\u003eRegulatory Examinations 25\u003c\/p\u003e \u003cp\u003eChapter Summary 28\u003c\/p\u003e \u003cp\u003eNotes 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Chief Compliance Officer and Regulatory Reporting 30\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 30\u003c\/p\u003e \u003cp\u003eIntroducing the Chief Compliance Officer 30\u003c\/p\u003e \u003cp\u003eRegulatory Reporting 34\u003c\/p\u003e \u003cp\u003eRegulatory Reporting in Multiple Jurisdictions 34\u003c\/p\u003e \u003cp\u003eCommon Regulatory Reporting Questions 35\u003c\/p\u003e \u003cp\u003eA Multistep Process 35\u003c\/p\u003e \u003cp\u003eChapter Summary 40\u003c\/p\u003e \u003cp\u003eNotes 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 In-House Compliance Professionals and Hedge Fund Committees 42\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 42\u003c\/p\u003e \u003cp\u003eCommon Compliance Function Tasks 43\u003c\/p\u003e \u003cp\u003eFirm Committees as Compliance Mechanisms 49\u003c\/p\u003e \u003cp\u003eChapter Summary 53\u003c\/p\u003e \u003cp\u003eNote 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Hedge Fund Compliance Technology 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 55\u003c\/p\u003e \u003cp\u003eUnderstanding the Hedge Fund Information Technology Function 55\u003c\/p\u003e \u003cp\u003ePrimary Compliance Uses of Technology 58\u003c\/p\u003e \u003cp\u003eCompliance Considerations for Use of Electronic Data 59\u003c\/p\u003e \u003cp\u003eCompliance Oversight of Nonelectronic Data 64\u003c\/p\u003e \u003cp\u003eBusiness Continuity and Disaster Recovery Planning 64\u003c\/p\u003e \u003cp\u003eChapter Summary 65\u003c\/p\u003e \u003cp\u003eNotes 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Compliance Consultants and Other Compliance-Related Service Providers 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eService Provider Compliance 67\u003c\/p\u003e \u003cp\u003eClassification of Compliance Service Providers 67\u003c\/p\u003e \u003cp\u003eService Provider Compliance Work 68\u003c\/p\u003e \u003cp\u003eHedge Fund Compliance Consultants 69\u003c\/p\u003e \u003cp\u003eChapter Summary 82\u003c\/p\u003e \u003cp\u003eNote 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Understanding Key Compliance Documentation 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReasons for Documenting Compliance Policies and Procedures 83\u003c\/p\u003e \u003cp\u003eUnderstanding the Goals of Compliance Documentation 84\u003c\/p\u003e \u003cp\u003eJurisdictional Differences in Compliance Documentation 85\u003c\/p\u003e \u003cp\u003eUnderstanding Boilerplate Documentation 85\u003c\/p\u003e \u003cp\u003eCore Compliance Documentation 88\u003c\/p\u003e \u003cp\u003eChapter Summary 97\u003c\/p\u003e \u003cp\u003eNote 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Investor Evaluation of Hedge Fund Compliance Functions 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 99\u003c\/p\u003e \u003cp\u003eCompliance Evaluations in Investor Due Diligence 99\u003c\/p\u003e \u003cp\u003eInitial and Ongoing Compliance Analysis 101\u003c\/p\u003e \u003cp\u003eEvaluating Best Practice Compliance 104\u003c\/p\u003e \u003cp\u003eKey Compliance Analysis Areas 109\u003c\/p\u003e \u003cp\u003eChapter Summary 118\u003c\/p\u003e \u003cp\u003eNote 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Case Studies and Example Scenarios in Hedge Fund Compliance 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 119\u003c\/p\u003e \u003cp\u003eCompliance Scenario 1 119\u003c\/p\u003e \u003cp\u003eCompliance Scenario 2 122\u003c\/p\u003e \u003cp\u003eCase Studies 123\u003c\/p\u003e \u003cp\u003eChapter Summary 129\u003c\/p\u003e \u003cp\u003eNotes 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Common Compliance Pitfalls and How to Avoid Them 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 131\u003c\/p\u003e \u003cp\u003ePitfall 1: Small Firms Build Large Firm Compliance Infrastructures 131\u003c\/p\u003e \u003cp\u003ePitfall 2: Underspending on Compliance 133\u003c\/p\u003e \u003cp\u003ePitfall 3: Lack of Independent Compliance Reporting 134\u003c\/p\u003e \u003cp\u003ePitfall 4: Outsourcing All Compliance 135\u003c\/p\u003e \u003cp\u003ePitfall 5: Relying on Technology and Compliance Automation 136\u003c\/p\u003e \u003cp\u003ePitfall 6: Letting Investor Opinion Drive Compliance Priorities 137\u003c\/p\u003e \u003cp\u003eChapter Summary 138\u003c\/p\u003e \u003cp\u003eNotes 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Interviews with Compliance Service Providers 140\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 140\u003c\/p\u003e \u003cp\u003eInterview with Kent Wegrzyn (ACA Compliance Group) 140\u003c\/p\u003e \u003cp\u003eInterview with Vinod Paul (Eze Castle Integration) 160\u003c\/p\u003e \u003cp\u003eChapter Summary 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Trends and Future Developments 172\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 172\u003c\/p\u003e \u003cp\u003eChief Compliance Officers Personal Liability Concerns 172\u003c\/p\u003e \u003cp\u003eIncreased Senior Manager Regulatory Accountability 174\u003c\/p\u003e \u003cp\u003eCompliance-Related Insurance 175\u003c\/p\u003e \u003cp\u003eIncreasingly Coordinated Hedge Fund Regulation in Europe 176\u003c\/p\u003e \u003cp\u003eChapter Summary 177\u003c\/p\u003e \u003cp\u003eNotes 178\u003c\/p\u003e \u003cp\u003eAbout the Author 181\u003c\/p\u003e \u003cp\u003eIndex 183\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJASON A. SCHARFMAN \u003c\/b\u003eis 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 \u003ci\u003eHedge Fund Governance, Private Equity Operational Due Diligence,\u003c\/i\u003e and \u003ci\u003eHedge Fund Operational Due Diligence.\u003c\/i\u003e   \u003c\/p\u003e\u003cp\u003eWhat 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\u003ci\u003e Hedge Fund Compliance\u003c\/i\u003e you can create a state-of-the-art compliance program that gives you peace of mind and enhances your hedge fund. \u003c\/p\u003e\u003cp\u003eThis 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: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe role of the overall internal compliance mechanism, including Chief Compliance Officer (CCO), all shared and dedicated compliance personnel, and fund committees\u003c\/li\u003e \u003cli\u003eHow investors conduct due diligence on hedge fund compliance, with a focus on policies for employee personal account dealing and material non-public information\u003c\/li\u003e \u003cli\u003eInsightful interviews highlighting the latest ways hedge funds are strategically using third-party compliance service providers to establish and run compliance programs\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eComplete with practical templates and powerful tools built for everyday performance, \u003ci\u003eHedge Fund Compliance\u003c\/i\u003e is a powerful advantage to give your fund in an increasingly multidimensional world.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989354889445,"sku":"NP9781119240235","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119240235.jpg?v=1761783790","url":"https:\/\/k12savings.com\/products\/hedge-fund-compliance-isbn-9781119240235","provider":"K12savings","version":"1.0","type":"link"}