ACA Compliance Group E-Coffeehouse

Hedge Fund Mention

ACA Webcast Attendee — Tue, 27 Jul 2010 18:43:50 GMT

It seems misleading to not mention having a hedge fund at all when listing what your firm does. So what is okay to say on a web site? What about in the ADV schedule F?

Forum: Marketing Guidance for Private Fund Managers

Cocktail Procedure

ACA Webcast Attendee — Tue, 27 Jul 2010 18:43:07 GMT

If I meet an investor at a cocktail procedure, can you walk through the steps that should be taken before sending them marketing materials (i.e. performance report, overview of firm)?

Forum: Marketing Guidance for Private Fund Managers

"Cover" a Specific Investor

ACA Webcast Attendee — Tue, 27 Jul 2010 18:42:26 GMT

If a cap intro team confirms that they "cover" a specific investor, does that automatically mean that we can say its a pre-existing relationship?

Forum: Marketing Guidance for Private Fund Managers

Pre-existing Relationship

ACA Webcast Attendee — Tue, 27 Jul 2010 18:41:34 GMT

What guidance would you provide regarding an investor that is known to be sophisticated (by public reputation, but not through direct contact with the fund) approaches the fund regarding an investment? Is a pre-existing relationship required?

Forum: Marketing Guidance for Private Fund Managers

Lamp Letter

ACA Webcast Attendee — Tue, 27 Jul 2010 18:40:48 GMT

In reference to the Lamp Letter, you emphasized that firms may rely on this letter for third-party websites, however, I know many firms rely on this letter for their own websites. Is this appropriate?

Forum: Marketing Guidance for Private Fund Managers

Requirements for Institutions

ACA Webcast Attendee — Tue, 27 Jul 2010 18:40:15 GMT

Have the requirements for institutions remained the same under the new accredited investor definition?

Forum: Marketing Guidance for Private Fund Managers

Balanced Marketing Materials

ACA Webcast Attendee — Tue, 27 Jul 2010 18:32:09 GMT

FINRA has begun to discipline firms for failing to provide balanced marketing materials marked for internal use only (ARS issues). Is this trend likely to continue?

Forum: Fixed Income Trading Challenges

Markup/Markdown

ACA Webcast Attendee — Tue, 27 Jul 2010 18:31:28 GMT

Does the markup/markdown percentage also have to factor in the firm's revenues made from the bid/offer spread?

Forum: Fixed Income Trading Challenges

Information to a Consultant

ACA Webcast Attendee — Tue, 15 Jun 2010 18:38:47 GMT

Initially it was said that the information provided to a consultant is considered advertising. But someone just said that custom RFIs would not be considered advertising. What other information would be provided to a consultant?

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective

Consolidation of Databases

ACA Webcast Attendee — Tue, 15 Jun 2010 18:37:53 GMT

Why have we not seen more consolidation of the databases?

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective

"Specializing in Real Estate"

ACA Webcast Attendee — Tue, 15 Jun 2010 18:37:09 GMT

Please address the number of institutional users (particularly Taft-Hartley plans) that are using specialized consultants, (e.g., those consultants representing themselves as "specializing in real estate").

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective

Consultant's RFI

ACA Webcast Attendee — Tue, 15 Jun 2010 18:35:56 GMT

Does a response to a consultant's RFI sent to more than one individual within the consulting firm constitute an advertisement?

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective

Broad Pay-to-Play Prohibition

ACA Webcast Attendee — Tue, 15 Jun 2010 18:35:10 GMT

How broad does the pay-to-play prohibition reach? (For example, what about spouses or immediate family)

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective

Tracking Distribution

ACA Webcast Attendee — Tue, 15 Jun 2010 18:34:08 GMT

Any idea how firms are tracking distribution of the compliant presentation annually? Excel, database, etc...?

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective

"Unsolicited" Updates

ACA Webcast Attendee — Tue, 15 Jun 2010 18:33:34 GMT

If first database submission is unsolicited, GIPS will require update every 12 months. Will the updates also be considered "unsolicited"?

Forum: Tips for Marketing to Institutions/Consultants and Advertising from a GIPS & SEC Perspective