2015 Compliance Survey for Alternative Fund Managers Now Open

June 1, 2015

Are you interested in how other firms make expense allocation decisions? Ever wonder what your peers are doing relating to electronic communications surveillance?

If these questions interest you, ACA Compliance Group invites you to participate in our new ACA Alternative Fund Manager Survey. This survey is part of our ongoing series and is focused on the compliance practices, processes, and procedures of private equity, real estate, and hedge fund managers. During ACA’s last iteration of this survey in 2014, we received nearly 200 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.

Survey

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

  • Controls Related to Receipt of Material Nonpublic Information- This part of the survey focuses on information barriers, restricted lists, interaction with industry experts and consultants, corporate access, and training.
  • Fund Expenses- Here the survey concentrates on the types of expenses charged to private funds, the income received by fund managers and any associated management fee offsets, and the controls, policies, and procedures related to fund expenses.
  • Electronic Communications Review– In this area, which is new to this series, the survey covers retention of electronic communications, the nature and frequency of reviews, as well as any escalation that occurs and documentation that is maintained in connection with such reviews.

Your participation in our survey will have multiple benefits. Our past responders 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.

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 August 13, 2015. Participants receive a unique access code to sign on for the webcast when they complete the questions. PLEASE MAKE SURE YOU NOTE THIS ACCESS CODE.

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

The survey is open to compliance professionals at private equity, real estate, and hedge fund managers until July 10, 2015. 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. All responses are strictly confidential. Responses may be shared with third parties at our discretion; however, they will remain anonymous and will not be attributed to the respondent.

Should any technical questions arise regarding the survey, please contact Danielle Joseph at (202) 713-8632.

Thank you in advance for your contribution.