ACA Spotlight Blog

February 23, 2018
While we could give you countless reasons why you should attend ACA’s Spring 2018 Compliance and Performance Conference, we’ve narrowed the list down to eight. Don’t miss this opportunity to learn from industry experts, engage with like-minded peers, and connect with the top leaders in the industry. No matter your role or company size, ACA’s Spring Conference will provide you with a fresh perspective and leave you feeling inspired and better informed.Hear from the experts on industry hot...
February 14, 2018
ACA Technology's Product Spotlight series highlights how ACA's technology solutions can help firms streamline operations, scale for growth, and meet business objectives effectively and efficiently.Today's product spotlight focuses on ComplianceAlpha®, ACA's secure, centralized platform for risk and compliance program management.Client Type: A Dual-Entity Private Equity and Hedge Fund Manager with $1B AUMThe ChallengeA dual-entity private equity and hedge fund manager with...
February 6, 2018
The U.S. Securities and Exchange Commission’s ("SEC") Form PF presents many challenges for investment advisers, particularly those that have large data sets and multiple administrators. To save time, reduce risk, and increase operational efficiencies, it can be helpful to let someone else do the heavy lifting when it comes to Form PF filings.How We Help Annual Form PF FilersACA offers Private Fund Reporting Depository (“PFRD”) administration services to annual Form PF filers through ACA’s...
February 6, 2018
We are pleased to announce that ACA Technology's Cristina Ghimusian and Ujjwala Jain have been shortlisted for WatersTechnology's inaugural Women in Technology and Data Awards. The awards recognize, promote, and celebrate the contribution that women make across the capital markets, specifically in the data and technology industries. The awards will be handed out in a ceremony in London on March 9, 2018. The full list of categories and shortlisted nominees can be found here....
February 5, 2018
Last month I had the opportunity to moderate a panel at the PEI CFOs & COOs Forum in New York on “Performance Calculations: Does the PE Industry Need More Standardization?” The panelists were seasoned CFOs from respected private equity fund managers and exchanged engaging dialogue with over 100 attendees in the breakout discussion.The panel spent the majority of the discussion covering the following areas: Subscription lines of credit; Recallable capital;Net of fees return...
January 31, 2018
This week is Tax Identify Theft Week in the U.S. As tax filing season kicks off, it’s important to be on the lookout for tax scams. Last year, the Internal Revenue Service (IRS) issued its Dirty Dozen list of tax scams, which included phishing, phone scams, and identity theft. Last fall’s Equifax breach may also lead to an uptick in tax fraud this season.Here are some ways you can protect yourself. We encourage you to share these tips with your colleagues, family, and friends as appropriate....
January 31, 2018
Investors and portfolio managers alike grapple with the best calculation methodology to use in performance measurement. We've created a fact sheet to help you distinguish the two primary measures: the time-weighted rate of return (“TWR”) and the internal rate of return (“IRR”).Both return metrics have a place in presenting meaningful performance. Due to its straightforward nature, the TWR is the required calculation for most asset classes under the GIPS® standards, while only fixed life,...
January 18, 2018
Are you tired of managing your vendors with spreadsheets? Do you have a different tab for every third party? Does the prospect of a regulatory exam make you break out into a cold sweat?The reality is that managing vendors manually can be inefficient, costly, and burdensome. A manual program creates redundancies, disorganization, and a decentralized process that cannot be easily reviewed by an examiner or board member.New Year, New SolutionA new year means a new solution! Here are five...
January 12, 2018
This is the first post in the ACA Technology Product Spotlight blog series. This series will highlight ACA Technology's solutions and how they can help your firm streamline operations, scale for growth, and meet business objectives effectively and efficiently.Today's product spotlight focuses on ComplianceAlpha®, ACA's secure, centralized platform for compliance program management and risk monitoring.Client Type: A Growing Investment Adviser/Wealth Manager with $1.5B AUMThe ChallengeAn...
December 15, 2017
ACA Compliance Group offers many webcasts throughout the year featuring discussions on timely topics and issues ranging from regulatory compliance, performance, financial crime, and cybersecurity.As we approach the end of the year, we thought we’d take a look back at some of our most popular webcasts from 2017 and share them with you. All of the following webcasts are available on demand to view at your convenience.Be Prepared for Your SEC Examination: Maintaining Proper Books and RecordsThis...
December 15, 2017
Firms in both the U.S. and the UK need to be aware of recent changes made to regulatory reporting forms. While the industry has been focused on MiFiD II, enhancements continue to be made to existing regulatory filings that require firms to keep abreast of their changes and modifications.Form PF UpdatesForm PF is not dead — the requirements coming out of the Dodd-Frank act have continued to adapt as the U.S. Securities and Exchange Commission ("SEC") clarifies its definitions and FAQs. Most...
December 14, 2017
The Guidance Statement on Broadly Distributed Pooled Funds was approved on 13 March 2017. A summary of the guidance statement can be found here, and the full document can be accessed here.The overall premise is to address which funds are covered by the guidance, and the requisite marketing obligations with regards to the GIPS standards. Public funds that meet the following three criteria will be covered:The pooled fund is broadly distributed.There is typically no or minimal contact between the...
December 13, 2017
Due to the nature of its business, trade finance is considered a high-risk product that is frequently used by individuals and criminal organizations to launder funds, conduct terrorist financing, and evade the sanctions, regulations, and restrictions of the Office of Foreign Assets Control ("OFAC"). Financial institutions ("FIs") that provide trade finance offerings are under significant regulatory pressure to develop consistent standards to help mitigate financial crime risks. It is highly...
December 7, 2017
Last summer, CFA Institute released the Exposure Draft of the GIPS Guidance Statement on Overlay Strategies. Historically, this segment of the investment industry has not received much in the form of ethical best practices in calculating and presenting performance, and this release was the first attempt by CFA Institute to issue official guidance for overlay managers. With the release of this exposure draft, many firms now face the possibility of having to change how performance is calculated,...