Backstop Solutions Group, LLC and HedgeOp Compliance, LLC have announced a marketing and software integration agreement that will combine HedgeOp’s Web-based compliance platform with Backstop’s Investment Partnership Management software.
This new alliance will enable hedge funds and funds of hedge funds to address rapidly evolving compliance and operational challenges, while also effectively managing client relationships, accounting, investment research, asset allocation and reporting processes.
“Regulatory compliance is one of the most important issues currently faced by the hedge fund industry,” said Jeremie Bacon, Chief Executive Officer of Backstop Solutions Group. “All leading investor management systems, including Backstop, allow managers to profile investors, store documents and monitor workflow but only the combination of HedgeOp and Backstop provides a deeply comprehensive platform for managing regulatory and operational concerns. Nothing else even comes close.”
“The combination of Backstop Software with HedgeOp Compliance offers tremendous value to fund managers,” said William G. Mulligan, Jr., Chairman and CEO HedgeOp Compliance. “A solid compliance and business infrastructure can accelerate workflow and help increase operational efficiencies, key goals for any fund seeking to build a prudent, effective business that ensures that the interests of their investors are adequately protected.”