2018 Compliance Survey for Alternative Fund Managers

February 22, 2018

Are you interested in what controls other private fund managers have implemented around electronic communications and social media? Ever wonder how your firm's approach to its compliance program compares to your peers? Are you curious as to what practices or controls peer firms have implemented surrounding personal trading? Are your anti-bribery and corruption practices in line with other alternative fund managers?

If these questions interest you, ACA Compliance Group invites you to participate in our new ACA Alternative Fund Managers Survey. This is the tenth survey of our ongoing series and is focused on electronic communications, compliance program, personal trading, and anti-bribery and corruption. During ACA’s last iteration of this survey series in September 2017, we received nearly 270 responses. As with the previous assessments, at the conclusion of this survey, ACA will host a free webcast solely for participants. During this event, our consultants will discuss the survey results and provide best practice tips based on our expert analysis of the information collected.

ACA has designed its alternative fund manager surveys to explore and explicate the unique, complex issues faced by hedge fund, and illiquid fund compliance professionals. Our current survey covers these important topics:

  • Electronic Communications – In this section, the survey covers the types of electronic communications used for business purposes, the retention of electronic communications, the nature and frequency of reviews, and the use of social media platforms for business purposes.
  • Compliance Program Rule – In this area, the survey covers the role of the chief compliance officer, compliance budgets and resources, annual compliance reviews, and the implementation of a compliance and forensic testing program.
  • Personal Trading – Here, the survey focuses on the firm’s definition of Access Person, the restrictions applied to personal trading activities including cryptocurrencies, and the testing completed by compliance personnel.
  • Anti-Bribery and Corruption (“ABC”) – This segment focuses on the controls firms have taken regarding its ABC efforts, including the adoption of policies and procedures, and the methods used to monitor ABC.

Your participation in our survey will have multiple benefits. Our past respondents have said that answering the questions alone gave them valuable insight into how to apply various best practices to their compliance programs. In addition, the aggregate survey data will benefit everyone by providing up-to-date benchmarks for compliance controls and testing practices specific to the alternative fund management industry. This information will be useful for periodic and annual reviews. The results may also assist firms in assessing existing and potential regulatory requirement impacts on their businesses.

Click here to take the survey!

 

Important Information About the Current Survey
As mentioned above, after the survey closes, ACA will discuss the results in a free webcast for survey participants. This event will take place April 26, 2018. Participants will be redirected to register for the webcast upon completion of the survey. In order to receive complimentary access, please be sure to complete the registration before exiting the survey.

The survey takes approximately 30 minutes to complete. Partially completed responses cannot be saved, so please plan to answer all questions in one sitting.

The survey is open to compliance professionals at hedge fund and illiquid fund managers until April 4, 2018. We ask that only one person per firm participate. If you are not your firm's chief compliance officer, please check with him or her before taking the survey to avoid duplicate responses.

ACA conducts its surveys in a "blind" manner where all respondents remain anonymous. You will not be asked to identify yourself or your firm at any point during the survey. Responses may be shared with third parties at our discretion; however, they will remain anonymous and will not be attributed to the respondent.

Questions? Should any technical questions arise regarding the survey, please contact Albert Abaunza at (973) 631-1085 Ext 4124.