May 17, 2017
Corgentum's Next Webinar Announced For June - Launching and Maintaining an Operational Due Diligence Program
Corgentum Consulting today announced the details of the firm's next complementary webinar, Launching and Maintaining an Operational Due Diligence Program for Hedge Funds, Private Equity and Real Estate Funds. The webinar will take place on June 7, 2017 beginning at 10:30am EDT and will be hosted by Corgentum Managing Partner Jason Scharfman.
As the complexity and scope of operational risks at fund managers continues to increase, many investors and operational due diligence groups are reevaluating their options, and considering launching a new operational due diligence program or reevaluating their existing efforts in this area.
Topics to be covered during the webinar will include:
- Understanding the core elements of an operational due diligence program
- Should you develop an in-house ODD program? Use a consultant? Or both?
- How to document your operational due diligence policies and fund reviews
- Customizing your due diligence process for different investment strategies
- Operational due diligence checklists and due diligence questionnaires – do they add value?
- How to analyze key fund manager operational documentation including financial statements, operational policies, compliance manuals and legal documentation
- Data verification - Techniques to verify fund assets, manager investment into their own funds, service provider relationships and performance
- How to review key fund service providers including fund administrators, auditors, prime brokers, compliance and information technology consultants
- Analyzing key background investigation areas including a fund manager’s previous education and employment, media and social media analysis, civil litigation and criminal searches
- How to effectively combine background investigations with the operational due diligence
If you are interested in joining the upcoming complimentary webinar please click here to register
May 16, 2017
New Hedge Fund Compliance Book Featured on Planet Compliance
As compliance and regulatory develops remains on the forefront of hedge fund investing, Corgentum Managing Partner Jason Scharfman new book Hedge Fund Compliance: Risks, Regulation, and Management continues to garner media interest.
PlanetComplaince, a website focused on global compliance regulation news, recently interviewed Mr. Scharfman for his insights on the book and emerging compliance trends. The interview covers focuses on many topics addressed in the book including the intersection of technology and compliance and emerging trends in cybersecurity. In regards to trends in evolving regulation Mr. Scharfman comments:
"Regulations continue to evolve which presents ongoing compliance challenges for professionals. In Europe, a primary example of this would be the initial implementation of MiFID and subsequently MiFID II. In the US, there is an increasing interest to roll back some of the restrictions implemented by Dodd-Frank which will require ongoing monitoring by compliance professionals. Additionally, regulators are increasingly cooperating and sharing information. Compliance professionals need to be conscious of the way different regulators may collaborate in interpreting information as they work to complete regulatory filings in multiple jurisdictions."
The full interview is availabe on the PlanetCompliance website.
May 11, 2017
Corgentum's Hedge Fund Compliance Book Featured in CAIA Journal
The Chartered Alternative Investment Analyst (CAIA) Association's quarterly journal, Alternative Investment Analyst Review, recently published an article recommending Corgentum Consulting Managing Partner Jason Scharfman’s newly released book on the subject of hedge fund compliance Hedge Fund Compliance: Risks, Regulation, and Management
The article is featured in the, "What a CAIA Member Should Know" section of the most recent CAIA journal (Q4 2016, Volume 5, Issue 3) and features excerpts from the book focused around compliance trends and regulatory reporting obligations of hedge fund managers.To learn more about CAIA's Alternative Investment Analyst Review please visit the CAIA website to read the journal's historical archives.
April 6, 2017
Meet Corgentum at GAIM Ops Cayman 2017
GAIM Ops Cayman 2017 is one of the largest hedge fund operational due diligence, compliance and risk management conferences in the industry.
Corgentum will be in attendance at the upcoming conference. It takes place at the Ritz-Carlton on Grand Cayman from April 23-26th.
Session scheduled to take place at GAIM Ops Cayman 2017 include:
- A live step by step ODD meeting
- ODD workshops
- A private equity operations update
- Insider trading compliance workshops
We look forward to seeing you there!
March 28, 2017
Join Corgentum at the NYSSA Operational Due Diligence Event In NYC
Join Corgentum at the upcoming New York Society of Security Analysts (NYSSA) conference session about, Attracting Institutional Assets: The Importance of Operational Due Diligence.
- Key components that comprise the ODD process
- Best practices for managing fund operational risk
- Specific issues that institutional investors consider "knock-out factors" for investment
February 15, 2017
Corgentum Highlights Compliance Trends in Release for New Hedge Fund Compliance Book
With proposed deregulation in the US and the continued development of other global legislation, issues relating to hedge fund compliance continue to be in the headlines on almost a daily basis. To focus on these trends Corgentum Consulting today issued a press release highlighting the newly released book by Managing Partner Jason Scharfman’s on the subject of hedge fund compliance. Hedge Fund Compliance: Risks, Regulation, and Management provides straightforward practical guidance for the development and analysis of a hedge fund’s global compliance program.
"Compliance is one of the fastest growing areas in the hedge fund industry. Hedge funds and their investors have accepted that it is no longer simply a check the box exercise. With proposed changes to established legislation such as Dodd-Frank by President Trump, compliance continues to remain a dynamic area that is critically important for the successful management of a hedge fund,” said Scharfman.
A comprehensive reference for industry professionals, the book examines the core functions of a hedge fund’s compliance program including the duties of the Chief Compliance Officer (CCO) and General Counsel (GC). Additionally, the book analyzes the increased use of compliance consultants as well as the emerging role of compliance technology in areas including information security, trade and email surveillance, and business continuity.
Hedge Fund Compliance features interviews with leading hedge fund compliance practitioners including Kent Wegrzyn (Managing Director at ACA Compliance Group) who said, "With increased regulatory scrutiny and investor demands, hedge fund managers need to implement appropriate compliance controls and resources to stay competitive in today’s world. ”
“A strong hedge fund compliance program benefits both fund managers and their investors by improving operating efficiency, oversight and transparency,” said Scharfman. "This book provides the fundamental tools to develop an understanding of core compliance concepts – skills that are now an essential requirement for success in hedge funds. ”
Hedge Fund Compliance: Risks, Regulation, and Management is available for purchase at the publisher’s website and Amazon.com.
January 25, 2017
Corgentum's Scharfman to Speak at Hedge Fund & Private Equity Emerging Manager Forum
There continues to be interest among investors in the new launches of both hedge funds and private equity funds. Additionally, there are a series of newer funds with relatively short track records compared to their peers. While these newer managers may present compelling investment opportunities, in many cases there may be a greater degree of operational risk associated with these nascent funds.
To comment on this trend Corgentum Consulting Managing Partner Jason Scharfman’s will be a featured speaker at the upcoming Hedge Fund & Private Equity Emerging Manager Forum. Mr. Scharfman will be giving a presentation entitled, "What do Investors look for when Performing Due Diligence on Private Equity Funds?" Questions that will be addressed during the session include:
- What do investors expect from their due diligence meetings?
- What questions should investors ask?
- How does the due diligence process differ depending on the private debt strategy?
- How can investors measure operational risk?