5 Steps to Automate Deal Expense Allocations
Amid a global recession, expense allocation, and its effect on P&L, is more important than ever. Unfortunately, allocating expenses remains an intricate, time-consuming process, whose mistakes often carry an SEC penalty. For private equity, who must factor deals...
Coronavirus: How to Ensure Wire Transfer Continuity in a Pandemic
The COVID-19 pandemic poses the biggest logistical challenge for alternative fund managers since 9/11. The economy is in turmoil, market volatility is approaching record highs, and the office is off-limits as employees work from home to prevent the spread of...
Expense Allocation Q&A with IntegriDATA’s CEO, Mitch Schulman
IntegriDATA CEO, Mitch Schulman, discusses expense allocation challenges and opportunities. Investors, competition, and increases in cybersecurity and other costs are squeezing general partner margins. Allocating operating expenses is one option GPs can take to...
SEC Expense Allocation Actions of 2018
Despite consistent warnings from the Securities and Exchange Commission since 2012, alternative investment advisors continue to misallocate expenses in violation of their fund agreements and the Advisors Act of 1940. Last year the commission publicly settled four...
IntegriDATA Shortlisted for 2019 Asset Management Technology and Service Awards
IntegriDATA has been shortlisted at four 2019 US Technology and Service Awards across nine categories. The annual awards honor technology and service providers serving the asset management industry that demonstrated exceptional customer service and innovative product...
SEC Risk Alert: Expense Allocation
The SEC issued a Risk Alert identifying expense misallocation as one of the most widespread compliance problems facing private equity and hedge fund managers. The SEC’s objective in issuing the Risk Alert was “to encourage advisors to assess their [practices] to...