Adviser: New Funds Must Be Compliance-Ready

Ray Iler

Ray IlerDeloitte & ToucheCR

Though most of these start-ups will initially have too few assets to have to register with the Securities and Exchange Commission , institutional investors will expect their compliance programs to be fully operational, Iler said. "You have to come up with a good compliance program right out of the gate, or you won't be able to raise money," he said. "Who's maintaining your books and records? Who's doing the accounting for the fund?"

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright © 2010 Institutional Investor

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.