Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

Want to save this page for later?

Membership

Must read article from our Executive Director: Have You Thanked an NYSSCPA Committee Member Today?

Want to get involved with this committee? Visit the committee application to join today!

Join This Committee

About the Investment Management Committee

         Committee Action Plan

Who We Are

We are members of the Society who work in or provide services to investment companies and their investment advisers, focusing primarily on hedge funds and other private funds with hybrid strategies. We discuss and provide updates on accounting, auditing, compliance, valuation, operations and selected regulations, as well as industry best practices, as they relate to hedge funds and their investment advisers.

What We Do

The Committee normally holds nine monthly meeting (months excluded are August, March and April). Meetings are typically hosted at one of the member’s offices and may also be accessed via phone. The majority of the meetings include educational presentations on topics of current interest which are generally eligible for one hour of CPE free to Committee members. At least one meeting is devoted to organizational matters and planning for the annual conference described below.

We identify and discuss developments applicable to hedge funds and, to a lesser extent, their investment advisers in the following areas:   

Valuation of investments and other financial assets and liabilities

New accounting standards or guidance applicable to investment companies  

Emerging industry, accounting, auditing or financial reporting issues

SEC regulatory developments impacting private funds or their investment advisers

Accounting, auditing and other considerations for emerging investments (e.g., cryptocurrencies, cannabis investing, etc.)

Operations and best practices 

Other hot topics and current market trends

We coordinate with the NYSSCPA to provide comments on relevant proposed accounting and auditing standards by the FASB and AICPA, respectively, rules and regulations of the SEC and other industry regulators and other legislative proposals impacting hedge funds and other investment companies.

We cosponsor with the Private Equity and Venture Capital Committee an annual Alternative Fund Conference, which is a full day FAE program.

We address technical questions from members of the Committee. In addition, on a volunteer basis, Committee members support the NYSSCPA technical hotline to address technical questions from NYSSCPA members for investment company related topics.

Who Should Join

NYSSCPA members who work in or provide services to hedge funds, other private funds and their investment advisers, or organizations providing services to such funds and advisers, including broker dealers, mutual funds, insurance companies, fund administrators, accounting firms, valuation firms, CFO outsourcing firms and forensic experts. NYSSCPA members in government and academia interested in the private fund industry should also join. Committee members are expected to participate in at least three of the monthly meetings.