This thirty-first installment of the Hedge Fund Law Report’s quarterly compliance update highlights upcoming filing deadlines and reporting requirements fund managers should be aware of during the first quarter of 2025. This guest article by ACA Group (ACA) consultants Grazia Gatti, Luis Garcia and Dan Campbell also discusses highlights from the SEC’s Division of Examinations 2025 Examination Priorities and a recent SEC enforcement action against an adviser concerning allegedly false and misleading statements surrounding the use of artificial intelligence. For more from the ACA, see “Navigating Substantiation of Facts, Testimonials and Performance Claims Under the Marketing Rule” (Nov. 21, 2024).