COMPLIANCE WATCH: The Call a Hedge Fund Investor Should Make
Dow Jones Newswires, May 14, 2009
In the post-Madoff world investors have increased their due diligence of hedge funds, but some may neglect making the most important call – to the chief compliance officer. Guy F. Talarico, CEO of Alaric Compliance Services, LLC, says institutional investors who interview chief compliance officers want to know that a fund has a robust, independent function to supervise calculation of the fund’s net asset value, capital balance statements and pricing methods and services. “Firms are going to permit this level of dialogue to occur – and that’s a good practice,” Talarico said.