According to the announcement, ComplianceTrak is a secure, Web-based application with the following features:

• The “Dashboard”: The point of instant access to the interactive compliance calendar, reporting and monitoring functionality.

• Interactive Compliance Calendar: A customizable calendar that offers daily, weekly, or monthly formats as well as integrated task tracking, reminders, notes, reporting and recordkeeping capabilities.

• Employee Level Filing portal: A tool that enables users to create a customized compliance “intranet’ that addresses the specific compliance requirements directed at employees such as Code of Ethics reporting (such as filing and monitoring Access Person reports, gift receipts/notifications, etc).

• Fund-Level and Adviser-Level Compliance Portals: These portals include logic that automatically calculates a variety of compliance data, enabling monitoring and reporting on various fund and adviser statistics.

• Dynamic Report Generation: Program that allows users to create and archive compliance reports.

• HedgeOp Compliance Guide: A comprehensive reference resource designed to help users understand and address specific compliance, operational and business issues.

• Quarterly Newsletters.

ComplianceTrak is available for a monthly subscription fee and was designed to help emerging and established hedge fund managers fulfill compliance responsibilities, enhance operational productivity and demonstrate a culture of compliance to investors, auditors and examiners, the announcement said.

More information can be found at www.hedgeop.com.