Hear from Jennifer Cooper, Owner and Managing Director of Third Sigma Investment Advisors LLC, a leading SEC-registered investment advisor that provides investment services to clients that have portfolios up to $500 million in size.

Ever want to start a hedge fund, but didn't know where to begin? Attend this one-day seminar to learn the basics for setting up a hedge fund from what decisions you need to make before getting started to what issues you need to address once you are up and running. This seminar is geared toward people who service the hedge fund industry or anyone looking to start their own firm.

At the end of this course, participants will come away with how to address each of the following areas:

• Up-Front Decisions - an overview of key decisions that need to be made before starting a hedge fund
  
  
• Vendors Required - a list of vendors needed, how to choose a vendor and an understanding of their services and functionality
  
  
• Major Legal Issues
  
  • Varieties of Fund Structures
  • Onshore vs. Offshore Funds
  • Securities Act, Advisers Act & Investment Company Act Exemptions
  • Impact of the Financial Reform Act on Registration
  • Increased Importance of State Regulation
  • Micellaneious Laws - ERISA, CFTC
  • Taxation of Carried Interests, FATCA and other new tax issues
    
     
• Client Service Issues - investor questionnaires and communicating with your investors
  
  
• Marketing/Sales - establishing  marketing strategies and tools for getting the word out
  
  
• Technology - addressing email, firm website and systems for accounting, trading, risk management, compliance monitoring and data warehousing
  
  
• Operational Issues - how to handle operational procedures including trading, trade communication and settlement, margin and collateral management, reconciliation and FX process
  
  
• Partnership Accounting  - equalization, accrual and payment expenses, review of qualified expenses and performance fees
  
  
• Performance Measurement - tracking partners, composite of partners, net vs. gross-of-fee returns, GIPS
  
  
• Reporting - internal and external reporting and how the reports should be prepared and distributed
  
  
• Compliance & More Compliance
  
  • Who should be responsible for compliance?
  • SEC registered vs. non-registered managers
  • Process vs. Production
  • Some perennial SEC hot buttons
  • Preparation for an SEC audit
  • The annual compliance review
  • New compliance issues
• Investor Due Diligence - why it is done and what to expect from the investor

Agenda: