New research from Ocorian and Newgate Compliance reveals that alternative fund managers are losing investment mandates or clients because of compliance issues.
The study surveyed senior leaders and senior compliance and risk executives at alternative fund managers that collectively manage approximately $132 billion. Of those surveyed, 81 percent reported that they believe issues with their organization’s compliance has resulted in losing investment mandates or clients during the past three years.
70 percent of those surveyed are worried that the risk of their organization failing in compliance tasks will increase as fund managers become more subject to global compliance regulations.
“Compliance and risk teams and the expertise, insights and rigor they provide are front and center to the bottom-line success of every fund manager,” said Aron Brown, head of regulatory & compliance at Ocorian. “They hold a heavy weight of responsibility, and our research