HedgeOp Gets Patent On Its ComplianceTrak Software

HedgeOp Compliance, the provider of specialized compliance software and consulting services for alternative asset managers, has been awarded a patent on its ComplianceTrak software, a flexible tool that enables managers to meet their compliance requirements efficiently and cost effectively. Because

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HedgeOp Compliance, the provider of specialized compliance software and consulting services for alternative asset managers, has been awarded a patent on its ComplianceTrak software, a flexible tool that enables managers to meet their compliance requirements efficiently and cost effectively.

Because ComplianceTrak was designed as a dynamic web-based application, it can support a compliance infrastructure and process based on the needs of an organization and best industry practices.

The tool’s workflow technology enables the end user – whether it is the chief compliance officer or the chief financial officer – to provide the level of detail they require to improve transparency and address greater demands from investors and regulators.

Since its development in 2001, ComplianceTrak has evolved into a front-end application that supports managers ranging from those with multi-billion dollars assets under management to startups.

To date, dozens of managers and more than one hundred hedge funds employ ComplianceTrak’s software to meet their regulatory requirements, at a fraction of the cost of developing internal compliance systems.

“ComplianceTrak is a customizable web-based system that guides end users as they capture the information required to construct the reporting, monitoring and tracking infrastructure necessary to demonstrate compliance,” says Bill Mulligan, CEO, HedgeOp.

“This patent demonstrates that ComplianceTrak is exceptional in its approach to helping investment managers satisfy SEC requirements.”

“Investment managers recognize that fulfilling compliance requirements is no longer optional as it becomes increasingly challenging to retain and attract investor assets,” continues Mulligan. “ComplianceTrak provides a cost-effective way for managers to achieve a true culture of compliance.”

L.D.

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