A new year has begun, and for most hedge fund managers that means the deadline to file the annual updating amendment to Form ADV – a key disclosure document required from SEC-registered investment advisers – is fast-approaching. This seventh installment of the Hedge Fund Law Report’s quarterly compliance update, authored by Danielle Joseph and Anne Wallace, director and consultant, respectively, at ACA Compliance Group, provides tips for fund managers to ensure a smooth process for completing the annual updating amendments to their Forms ADV; highlights upcoming filing deadlines and reporting requirements of which fund managers should be aware during the first quarter; provides a regulatory update to managers investing in digital assets; discusses certain consideration for advisers that engage in quantitative investment strategies; and analyzes the effect of the U.S. government shutdown on SEC-registered investment advisers. See our two-part series on the October 1, 2017, SEC revisions to Form ADV: “Managed Account Disclosure, Umbrella Registration and Outsourced CCOs” (Nov. 3, 2016); and “Retaining Performance Records and Disclosing Social Media Use, Office Locations and Assets Under Management” (Nov. 17, 2016).