Contact Information: Media Contacts Lisa Jane O'Neil LJO Associates, Inc Phone: 212-786-7629 or 917-361-8303 Email: lisajane@ljoassociates.com
HedgeOp Enters Alliance With Strata Fund Services, LLC to Provide Compliance Solution
Strata Will Use ComplianceTrak Software to Service Its Clients, Elevate Offerings
| Source: HedgeOp
NEW YORK, NY--(Marketwire - October 7, 2009) - HedgeOp
Compliance, LLC, the leading provider of specialized compliance
software and consulting services for alternative asset managers, today
announced that it has entered into a strategic alliance with Strata Fund Services, LLC, a
full-service administrator to the alternative investment industry, to
provide Strata with its ComplianceTrak™ software
platform. Strata will use the software to service its clients and
enhance its compliance offerings.
"We were looking for an efficient and cost effective way to enhance our
compliance offerings to asset managers, and increase the number of clients
we can service. ComplianceTrak, with its patented automated technology,
will allow us to undertake, on a large scale, the reporting, monitoring and
tracking functions that our clients need to demonstrate compliance," said
Sam Seaman, Executive Director at Strata.
ComplianceTrak is a customizable web-based system that guides end users --
either fund administration staff or asset managers themselves -- as they
capture information necessary for compliance. Patented in December 2008,
the tool's workflow technology enables users to provide the level of detail
they require to improve transparency and address greater demands from
investors and regulators.
"With registration imminent for many funds, and the possibility of
increased disclosure requirements, we are seeing very strong demand, from
both managers and fund administrators, for automated tools to simplify and
streamline the compliance process," said Bill Mulligan, CEO, HedgeOp
Compliance. "We are delighted that Strata will be using our software to
increase the level of service they are offering to their alternative asset
management clients."
About HedgeOp
HedgeOp Compliance, LLC focuses exclusively on helping investment managers
meet their compliance, operational and due diligence challenges. HedgeOp
has developed a successful business since 2001 based on its proactive
approach to servicing clients and proven reputation. Clients range from
start-up managers to large firms with well-established track records.
HedgeOp's business lines include specialized compliance consulting
services, our patented ComplianceTrak™ software, and due diligence
research and operational due diligence reporting for fund of funds and
other institutional investors. For additional information please visit
www.hedgeop.com.
About Strata Fund Services
Strata Fund Services, LLC is a full service administration firm providing
high-quality administration and consulting services to the alternative
investments industry including hedge funds, private equity funds, fund of
hedge funds, and managed accounts. Strata's core services include
financial accounting and reporting, investor servicing and reporting, tax
compliance and consulting, audit coordination, and compliance services.
For additional information, please visit www.stratafs.com.