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Hedge Fund Compliance Professionals

History

Demand for hedge fund (HF) compliance professionals has grown considerably since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. The act requires hedge funds with more than $150 million in assets under management to register with the Securities and Exchange Commission (SEC), hire a chief compliance officer to create and monitor a compliance program, disclose more information about investor agreements, and submit to regular SEC inspections, among other rules. “The kings of Wall Street used to be the traders and investment bankers who said yes to big deals and big trades,” according to a story about the rise of compliance professionals from Reuters, “but today’s power brokers increasingly are the compliance officers who quite often say no to risky proposals.” Demand for compliance professionals will remain strong as the U.S. government continues to ramp up its scrutiny of the alternative investments and banking industries—especially in regard to enforcement of anti-money laundering laws.