Greyline works with the world’s premier emerging private fund managers. We have extensive experience partnering with private equity, venture capital and hedge fund managers investing in all asset classes. Our unique approach emphasizes testing key functional areas throughout the year and allows us to deliver a strong annual compliance review program in compliance with Rule 206(4)-7.

We deploy a variety of tools to create automated and repeatable processes, as well as auditable testing, and provide our clients with unparalleled transparency. All of our tools include reporting suitable for internal use or production in a regulatory examination. Our services are comprehensive and tailored to each client’s individual needs; however, a typical engagement includes:

  • Electronic communications review and monitoring.
  • Code of ethics support, including monitoring of personal trading and outside business activities.
  • Marketing material reviews.
  • Preparation of regulatory filings, including Form ADV, Form PF, Form 13H, Form 13F, Forms 3, 4, 5, Form D, and Blue Sky.
  • Implementation of a compliance calendar and testing plan.
  • Periodic testing and risk assessments in selected areas, as agreed upon.
  • Annual and new employee compliance training.
  • Insider trading training and policy development.
  • Assistance with various committees, including compliance, best execution/soft dollars and valuation.

In addition to our traditional ongoing support, our larger clients engage us for independent testing of their compliance programs. We conduct deeper, data-driven and forensic testing through interviews, document review, process evaluation and other discovery methods. This type of testing typically includes, among others:

  • Analysis to ensure filing compliance (13D/13G, Forms 3, 4, 5, and HSR).
  • Allocation and aggregation testing.
  • Marketing practices.
  • Conflicts of interest – trading and employee.
  • Performance dispersion testing.
  • Style drift and mandate.

Want to learn more about the comprehensive support we offer to private fund managers? Contact us to speak with one of our compliance experts.

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