Frequently Asked Questions
When will I be required to file the Form PF for the first time?
Any adviser having at least $5 billion in hedge fund assets under management as of March 31, 2012 will be required to file within 60 days following June 30, 2012, if that is the end of their fiscal quarter. Other hedge fund advisers will generally have to file within 60 days following December 31, 2012, if they are a large hedge fund adviser or within 120 days if they are not a large hedge fund adviser.
When should I start to prepare for filing?
The actual required date of filing of the Form depends on the adviser’s size. However, preparing the filing is complicated due to the data collection, analytics and aggregations necessary. Addressing these issues may require substantial effort in the improvement of existing business processes and technology. So we are encouraging hedge funds to begin the planning and execution as soon as possible.
Why Form PF with RiskONE from ConceptONE?
ConceptONE believes its risk management and aggregation solution is ideally suited to perform the necessary analytics and aggregations required to prepare Form PF responses. In our capacity as a risk reporting solution for 100+ clients, ConceptONE draws from over 40 disparate data sources on a daily basis, many of which hold data that will be required in order to fully comply with the Form PF requirements.
Furthermore, one of our core strengths is our data management capability which is well-suited to the collection and processing of the data required for Form PF. Given the complexity of the Form PF requirements, advisers will need the ability to gather voluminous amounts of data from a variety of sources as well as the ability to perform a number of different calculations.