In Episode 2 of The Shadmoor Overlook, Mike Merrigan sits down with Christopher Lombardy, President of Salus GRC, for a conversation on compliance, cybersecurity, and the realities of managing risk in today's environment.

They discuss how the regulatory landscape is evolving, what the SEC continues to focus on during exams, and the practical steps firms can take to strengthen their compliance programs.

Topics covered:

• Changes in the regulatory environment

• Challenges around pro rata allocation methodologies

• AI governance and evaluating the controls of third-party vendors

• Core compliance practices every manager should have in place

A thoughtful discussion with practical takeaways for investment managers, allocators, and industry professionals.