 The SEC recently issued a Risk Alert for Private Fund Managers, highlighting the severity of existing conflict of interest, inaccurate allocations of fees and expenses as well as deficiencies in code of ethics related to insider trading on MNPI (Material Non-Public Information). SEC urges private fund managers to review their practices, and written policies and procedures, including implementation of those policies and procedures, to address the issues discussed in this Risk Alert. This amplifies the increasing investor and regulatory scrutiny on fee and expense disclosure and misallocation of profits that often are a result of today’s back office fund administration operating models that are heavily dependent on manual processes, Excel and ‘key-man’ personnel. AcordIQ helps Fund Administrators and Fund Managers streamline the complex fund administration tasks in their back office through AcordIQ’s automated and integrated Waterfall Management Software, reducing operational and reputational risks as well as delivering higher accuracy and assurance. 
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July 2020
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