ACA Compliance Group (ACA) recently completed its 2018 Alternative Fund Manager Compliance Survey, the results of which were discussed in a webinar by Colleen Marencik and Tessa Carbone, director and principal consultant, respectively, at ACA. This article, the first in our two-part coverage, examines the survey’s demographics and the key takeaways from the portions of the survey covering SEC examination experience and insider trading controls. The second article will analyze the portions of the survey relating to fees and expenses, as well as custody. For coverage of ACA’s compliance survey from early 2018, see “Compliance Programs and SEC Examination Priorities” (May 31, 2018); and “Electronic Communications, Personal Trading and Corruption Risk” (Jun. 14, 2018).