In the wake of the 2008 global financial crisis, the landscape of the hedge fund industry has changed. Hedge fund managers now face more regulation; more scrutiny from both regulators and investors; and more compliance burdens. As a result, fund managers have been forced to change their structures, practices and compliance programs. In connection with the tenth anniversary of the financial crisis, the Hedge Fund Law Report spoke to Lowenstein Sandler partner Benjamin Kozinn about the 2008 crisis and its impact on the hedge fund space. In this second article in our two-part series, he explores the new focus on compliance programs and chief compliance officers; the present strength of the financial system; changes in hedge fund strategies; the current state of hedge fund regulation; and the future of the hedge fund space. In the first article, Kozinn discussed the causes of the crisis; the role hedge funds played in it; and some of the changes in how fund managers now operate. See “Will Inadequate Policies and Procedures Be the Next Major Focus for SEC Enforcement Actions?” (Nov. 30, 2017).