The bestselling ASVAB test-prep guide—now updated for 2016/2017 Inside, you'll get in-depth reviews of all nine test subjects you'll encounter on the ASVAB, strategy cheat sheets for verbal, math, and general components, and tips to help you pinpoint your weaknesses and hone your test-taking skills in the areas where you need the most help. Your book purchase also includes a one-year subscription to online study tools, where you'll access six ASVAB practice tests, one AFQT practice test, 500 flashcards to improve your vocabulary, and tools to track your progress. The ASVAB is the most widely used multiple aptitude test in the world. If you're one of the more than one million people preparing to take the ASVAB this year, this updated edition of ASVAB For Dummies gives you everything you need to get the score you need to get the military job you want! Test your skills with practice problems on each of the test's nine subtests Score high and qualify for the military job you want Boost your math, science, and English skills Get one-year access to additional online practice If you have your sights set on enlisting in the military and want to ensure you perform your very best on test day, ASVAB For Dummies makes it easier.
Оглавление
Scharfman Jason А.. Hedge Fund Compliance
Preface
CHAPTER 1. Introduction to Hedge Fund Compliance
CHAPTER 2. Introduction to Hedge Fund Regulation and Examination
CHAPTER 3. The Chief Compliance Officer and Regulatory Reporting
CHAPTER 4. In‐House Compliance Professionals and Hedge Fund Committees
CHAPTER 5. Hedge Fund Compliance Technology
CHAPTER 6. Compliance Consultants and Other Compliance‐Related Service Providers
CHAPTER 8. Investor Evaluation of Hedge Fund Compliance Functions
CHAPTER 9. Case Studies and Example Scenarios in Hedge Fund Compliance
CHAPTER 10. Common Compliance Pitfalls and How to Avoid Them
CHAPTER 11. Interviews with Compliance Service Providers
CHAPTER 12. Trends and Future Developments
About the Author
About the Companion Website
WILEY END USER LICENSE AGREEMENT
Отрывок из книги
Compliance is one of the fastest‐growing areas in the hedge fund industry. Contributing to this change is a seemingly steady drumbeat of new global regulatory activity. In the United States and in Asia, for example, regulators have steadily enhanced their hedge fund compliance enforcement and surveillance activities. In Europe, broad shifts in the laws, such as the Alternative Investment Fund Managers Directive (AIFMD) and the Markets in Financial Instruments Directive (MiFID), have directly influenced the way hedge funds carry out their investment activities.
Today, hedge fund compliance has evolved into more than simply a regulatory exercise. Hedge fund compliance programs are now required to regularly engage compliance risks across a wide variety of operational and investment areas, ranging from cybersecurity and conflict of interest management to trade allocation and increased oversight of the use of investment research. To meet these challenges, hedge funds and their investors and service providers must continually reevaluate the role of the compliance function to ensure that they not only meet these new regulatory requirements but also keep pace with industry best practices. This book is written to assist these groups in embracing this challenge.
.....
Specifically, this book is structured to provide an understanding of the core concepts of hedge fund compliance across three sections. The first section, Chapters 1 through 4, focuses on topics relating to the structure and duties of a hedge fund's internal compliance function. It begins by providing an introduction to the compliance function and the role of regulators. The Chief Compliance Officer (CCO) role, as well as the responsibilities of other shared and dedicated compliance personnel, are then discussed. This section concludes with an analysis of the function of internal compliance mechanisms, such as fund committees.
The second section of the book, Chapters 5 through 8, focuses on specific topics in compliance as well as the role of third parties in the process. This section begins by addressing the emerging role of technology in compliance management. The use of technology in performing a wide variety of compliance activities, including trade surveillance, archiving, and monitoring employee communications, is also covered. Next, the role of third parties that assist in compliance management, including compliance consultants, is discussed. Examples of key compliance documentation, including the Compliance Manual and Code of Ethics, are then presented. Finally, the process by which prospective and existing investors conduct due diligence on hedge fund compliance functions is addressed with a focus on the analysis of compliance policies regarding employee personal account dealing and material non‐public information (MNPI).
