Strategic Exchanges connects innovative markets to a select group of service providers that place a strong emphasis on impacts of regulatory change. Each consortium member provides services that offer unique views and solutions to help financial institutions navigate the new mandates.

Promote accountability
OpsCheck promotes individual accountability and responsibility. There is nothing quite as powerful as having someone sign off a completed job or disclosing the pertinent needs to complete a job or resolve a problem. OpsCheck provides managers the assurance that everyone is executing their tasks.

Mitigate operational risk
OpsCheck empowers managers to monitor and quickly address any comments or reports related to operating tasks and level of completion. OpsCheck is a critical platform, where managers can rest assured that everyone is performing their tasks and adhering to the firm’s dashboard and calendar.

Improve communication
Tracking and maintaining open communication with offices in different time zones is a challenge. OpsCheck helps managers keep track of activities in foreign or satellite offices, prioritize events in a simple fashion, and avoid potential problems created by an imperfect communications structure.

Support your compliance program
Demand from the regulatory environment continues to grow. If you are a registered investment advisor or intend to operate as one, OpsCheck can help manage your tasks, deadlines, documentation, and keep you organized for a potential audit.

Guidance as your firm grows
OpsCheck can accommodate hedge funds of all sizes. As small and midsize hedge funds grow, more tasks need to be performed, due to greater demand from investors and regulators and evolving industry “best practices.” OpsCheck Suggested Tasks taps the resources of successful large funds to better prepare managers of small to midsize hedge funds to take on additional tasks, as warranted.

Connect tasks to various data points
OpsCheck is a great tool to help tie up and connect all tasks to their owner or any related documents, comments, procedures and policies. OpsCheck can be used in isolated areas or throughout the client’s entire operational infrastructure.

Enhance preparation for audits, regulators and investors
OpsCheck enhances hedge funds’ preparation for audits, regulators and investors. An organized and easily retrievable database is essential to operational excellence. OpsCheck can not only help managers influence the outcome of any review and create a very positive impression, but also strengthen command of all issues.

Virtual internal audit
OpsCheck can help create your own “virtual internal audit.” Internal audit’s objective is to add value and improve an organization’s control and operations; this can be accomplished using OpsCheck.

Peer differentiation
OpsCheck sets hedge fund managers apart from rivals by demonstrating to investors the high integrity and strong management oversight of the shop and assets under management (AUM).

Enhance third-party management
OpsCheck is an essential tool for managing contract business partners and fulfilling hedge fund managers’ fiduciary responsibilities – critical in a world where outsourcing of hedge fund services continues to grow. Administrators, technology vendors, compliance consultants and pricing vendors, to name a few, provide value-added services but need to be managed. OpsCheck provides an efficient platform for managers to assign tasks and oversee all third-party vendors.

Increase manager capacity
OpsCheck increases user capacity of oversight without the added expense of additional staff. Businesses need to perform more functions as they grow, but with this increase, oversight often suffers or more managers are required. Use OpsCheck to increase your managers’ capacity to oversee all aspects of your business.

Project management
OpsCheck’s flexible design is a helpful tool for project managers. Everyone involved in a particular project can participate and stay abreast of each other’s progress. Senior management, meanwhile, is given a greater view of the progress as it happens.

Operational due diligence
Operational due diligence is vital to raising capital or maintaining AUM. Investors demand that strict controls and procedures are in place, competent service providers have been chosen, as well as viable compliance and business continuity plans. OpsCheck, when used as part of your firm’s management oversight process, enhances investor confidence and is a differentiator to other hedge funds vying for the same capital.

Acquire SSAE16 (formerly SAS70)
OpsCheck is a tool to help acquire and maintain SSAE16 attestation. The ability of alternative investment managers to demonstrate commitment to and investment in strong internal controls can help differentiate managers from their peers. In addition, this report demonstrates a commitment to examining internal controls.

Independent application to avoid conflicts of interest
OpsCheck, an independent task management application, helps users avoid any conflict of interest, or appearance of a conflict, and affords a reliable and accurate history and audit trail functionality.

Frank Caccio has been in the financial industry for over 30 years and specifically in hedge funds for the last 20 years. Drawing from his deep experience and extensive network of alternative investment professionals, Frank offers a true “hedge fund practitioner’s” perspective. He excels at determining the operational integrity and management of a fund, and the path to operational excellence. Over time, he developed the idea for OpsCheck. It addresses the need of senior management to maintain effective oversight in an increasingly challenging hedge fund environment. In addition to enhanced oversight, OpsCheck builds a culture of continuous improvement throughout any organization.