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ARTICLE · 14 SEPTEMBER 2007

Compliance With Law In Hedge Fund Outsourcings

Mayer Brown
Mayer Brown
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Hedge funds face a complex set of legal and quasi-legal requirements that have significant impact on their operations, despite the conventional wisdom that they operate in a relatively “unregulated” environment.

United StatesMedia, Telecoms, IT, Entertainment
Geofrey Master
Geofrey Master
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Keywords
 compliance, hedge fund outsourcing, unregulated, outsourcing contracts, regulatory, data safeguarding, data protection

Originally published May 2007

Hedge funds face a complex set of legal and quasi-legal requirements that have significant impact on their operations, despite the conventional wisdom that they operate in a relatively "unregulated" environment. These requirements must be addressed with care in outsourcing contracts in order to properly allocate compliance responsibilities between service providers and the funds. This is true whether the outsourced services involve information technology or business processes.

Some legal requirements apply to any outsourcing, irrespective of the services being outsourced or the customer’s industry. These requirements include laws generally applicable to the services themselves as well as laws specifically applicable to the service provider. With regard to laws applicable to the outsourced services themselves,

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