One service provider is looking to take advantage of the ongoing migration of hedge funds into the mutual funds space by offering its hedge fund clients a mutual fund compliance service.

Cordium today unveilde its Investment Company Compliance Services offering, which it said is designed to better help hedge fund-turned-mutual fund chief compliance officers navigate the retail space.

“Hedge fund advisers are looking to offer alternative mutual funds as investors seek access to innovative strategies that offer diversification to their portfolios,” stated Bill Mulligan, chief executive officer of Cordium U.S.

“Hedge fund managers entering this space will need to enhance and expand their compliance policies to address the specific requirements they must meet as mutual fund providers.

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