These are some of the compliance-related stories that recently caught my attention. Compliance Goes to School by Geoffrey Parsons Miller In my view there is no one “right” answer to the question of where compliance fits in a law school’s curriculum, just as there is no “one-size-fits-all” compliance program. A good model, however, is that … Read more »
Cybersecurity: a growing risk imperative #CFOandCOO
I’m attending the PERE CFOs & CCOs Forum. These are my notes from the session. On a scale of 1 to 5 the attendees created a classic bell curve on how confident we felt about our cybersecurity programs, with most choosing “3.” The panel labeled social engineering as the upcoming threat. There were several stories … Read more »
An Update from the SEC #CFOandCOO
I’m attending the PERE CFOs & CCOs Forum. These are my notes from the session. Bruce Karpati interviewed Igor Rozenblit, Co-head of the Private Fund Unit at OCIE, Securities and Exchange Commission. Of course, Igor’s views are his own and do not necessarily reflect the views of the SEC or the Commissioners. Prior, when Bruce … Read more »
Doing Business in Europe Today #CFOandCCO
I’m attending the PERE CFOs & CCOs Forum. These are my notes from the session. Most of the attendees are using private placement to get into Europe, with the rest split between a parallel Europe fund and reverse solicitation. AIFMD arrangements are possible with a third-party who has the AIFMD passport. The non-EU firm acts … Read more »
Where Are We Now? #CFOandCOO
I’m attending the PERE CFOs & CCOs Forum. These are my notes from the session. Operations are increasingly the difference maker in an environment of declining revenue per AUM. If we are going to be a cost center, we should be the best. International operations takes up a disproportionate amount of time. Investing overseas has … Read more »
I’m Asking For Your Money
Compliance Building is a free resource I publish for me, and share with you, to help the compliance profession. But I’m asking for money. I should point out that the money is not for me; It’s for charity. I’m riding the Pan Mass Challenge in 2016 and hope you will consider supporting me this year. … Read more »
Dodd-Frankly, My Dear, I Don’t Give..
Perhaps one day there’ll be another famous movie line: “Dodd-Frankly, my dear, I don’t give…” But probably not. Its not clear if Dodd-Frank has been a success or a failure. It certainly has been a change. From the regulated side, I think the failure or success depends on which part of Dodd-Frank affects you. New … Read more »
Compliance Bricks and Mortar for May 13
These are some of the compliance-related stories that recently caught my attention. Stop Faxing by David Smyth in Cady Bar the Door The problem was the same as with all faxes: nobody wants them. They want emails instead. So when the firm set up an electronic faxing service, they added an extra step in the … Read more »
Does Compliance Work?
This has been an existential question for a long time. How do you measure compliance success? How do you know if it’s working? Sean Griffith, director of the Corporate Law Center at Fordham University in New York casts a skeptical eye on compliance through the lens of corporate governance in a new law review article: Corporate … Read more »
Alternative Funds and Valuations
It should come to no surprise that alternative funds have an extra level of scrutiny when it comes to valuations. RD Legal Capital is under scrutiny by the Securities and Exchange Commission according to a story in the Wall Street Journal. RD Legal is in litigation finance with a strategy to to buy stakes in … Read more »