Hedge Funds
We provide services to a number of clients in the hedge fund and alternative investment management sector.
Our services include assisting with applications for FSA authorisation, ongoing compliance support and assistance on specific topics as and when required.
We have particular experience in relation to the regulatory issues associated with unregulated collective investment schemes. We can advise on whether or not a particular structure is likely to constitute a collective investment scheme and on the regulated activities of establishing and operating such schemes. We regularly advise clients in relation to the restrictions that apply to the marketing of unregulated schemes and on the scope of available exemptions.
A number of our ongoing support clients provide advice or management services to hedge funds. The hedge fund sector is a particular focus area for the FSA and we are well placed to advise on the latest regulatory developments in this area.
We can assist with compliance reviews ranging from assessments of a firm's systems and controls, to its corporate governance arrangements as well as conducting mock ARROW visits. We also assist with more general preparation for FSA visits, whether they are routine ARROW visits or thematic reviews.
We regularly assist clients with the preparation, updating and checking of compliance documentation, including compliance manuals, procedures and monitoring programmes. We can assist with other major projects where firms change direction, consolidate or re-structure, such as varying scope of permission, or advice on business and client transfers.
We provide a full compliance support service for a number of firms in this sector. This allows them to focus on their core business whilst knowing that we will alert them to any relevant regulatory changes and are available to deal with day to day compliance issues. We work in partnership with such firms so that they set the culture and drive the direction of compliance and we advise and assist in implementing their plans.