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Legal & Regulation

Regulation

Enhance Group selects Confluence for AIFMD technology solution

Thu, 27/02/2014 - 06:08

Enhance Group, a Jersey-based investment consultancy firm, has selected Unity NXT AIFMD Transparency Reporting from Confluence for its AIFMD transparency reporting requirements. »

James Williams, Hedgeweek

Understanding the role of the depository under AIFMD

Wed, 26/02/2014 - 20:09

The Alternative Investment Fund Managers Directive (AIFMD) has many moving parts for alternative investment fund managers to get their heads around. But perhaps one of the most salient issues they face – particularly managers running offshore funds – is the requirement to appoint a depository. »

Malta

Cordium acquires Maltese advisory and compliance consultancy Zodiac

Tue, 25/02/2014 - 16:03

Cordium has acquired Zodiac Advisory Services, a provider of compliance, risk, accounting and governance services for the investment management industry in Malta. 

 »

Cayman Islands

DMS report identifies the seven deadly myths of FATCA

Mon, 24/02/2014 - 14:15

The Cayman Islands funds industry is living in a state of ‘suspended disbelief’ concerning its response to the Foreign Tax Compliance Act (FATCA), according to a new report from DMS Offshore Investment Services. »

Regulation

CTA/CPO capital requirements – More harm than good?

Fri, 21/02/2014 - 17:15

In late January 2014 the National Futures Association (NFA) announced to its membership they were: “…reviewing the current regulatory structure applicable to Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (CTA) operations. In particular, NFA is looking at ways to strengthen the regulatory structure governing CPO operations to provide greater protection for customer funds… [and] exploring ways to ensure that CPOs and CTAs have sufficient assets to operate as a going concern.”  »

Regulation

Investment managers and portfolio management vendors facing new regulatory challenges

Thu, 20/02/2014 - 11:50

Technology vendors in Europe are investing heavily in the development of portfolio management and accounting systems to help buy-side asset management clients navigate new regulatory requirements. »

Clouds

Indus Valley Partners launches cloud based regulatory compliance platform

Wed, 19/02/2014 - 15:00

Indus Valley Partners (IVP) has launched IVP RAPTOR cloud, enabling alternative asset managers to meet their global regulatory reporting needs from a purpose-built cloud platform. »

Clock

Investors won't be engaged in AIFMD considerations by 2015, say fund managers

Tue, 18/02/2014 - 11:22

More than 50 per cent of fund managers, prospective clients and consultants attending a recent Northern Trust seminar on the European Union's Alternative Investment Fund Manager Directive (AIFMD) said they believed investors would still not be engaged in AIFMD considerations by December 2015. »

Information sign

FCA grants AIFMD reprieve

Mon, 17/02/2014 - 08:25

Andrew Lowin, Technical Director of Consulting at Kinetic Partners, comments on the FCA’s decision to give UK AIFM’s a reprieve on capital requirements under the AIFMD… »

Accounts

SGSS launches AIFMD reporting package for asset managers

Fri, 14/02/2014 - 12:38

Societe Generale Securities Services (SGSS) has launched an Alternative Investment Fund Managers Directive (AIFMD) reporting package for asset managers and their funds. »

Regulation

DMS Offshore Investment Services expands FATCA task force

Thu, 13/02/2014 - 14:15

Fund governance firm DMS Offshore Investment Services has expanded its FATCA task force with the addition of Alaina Danley, formerly director of finance at Bain Capital, and Jennifer Dimitri, formerly director of investment compliance at the University of North Carolina endowment system. »

Gavel and scales

Two Hong Kong-based firms to pay USD11m for insider trading

Wed, 12/02/2014 - 15:32

Two Hong Kong-based asset management firms, whose accounts were frozen in a major insider trading case by the Securities and Exchange Commission (SEC), have agreed to pay nearly USD11m to settle the charges against them. »

Gibraltar

Gibraltar is key to easing AIFMD concerns, says Helvetic

Wed, 12/02/2014 - 06:38

With just five months until the deadline for complying with the Alternative Investment Fund Managers Directive (AIFMD), hedge fund administrators are reporting that up to a fifth of fund managers are still not prepared. »

Trading screens

CFTC looks to promote trading on SEFs

Wed, 12/02/2014 - 06:03

The Commodity Futures Trading Commission is introducing measures to promote trading on swap execution facilities (SEFs). »

Ireland flag

Central Bank of Ireland confirms approach to passporting of MiFID-type services

Tue, 11/02/2014 - 15:26

The Central Bank of Ireland has confirmed that it will, with immediate effect, recognise the ability of authorised alternative investment fund managers (AIFMs) to passport the services described in Article 6(4) of the alternative Investment Fund Managers Directive (AIFMD). »

US flag

INDOS Financial launches AIFMD depositary-lite solution for US hedge fund managers

Tue, 11/02/2014 - 15:06

INDOS Financial, the first independent UK authorised depositary specialising in hedge funds, is planning to offer a depositary-lite solution to US and other non-EU hedge fund managers. »

Report

FIX Trading Community publishes initial guidelines of TCA best practices for equities

Tue, 11/02/2014 - 14:30

FIX Trading Community, the electronic trading standards body, has published recommended guidelines for transaction cost analysis (TCA) in equities. »

Regulation

Regulatory change slowing growth among financial services firms, says SunGard

Mon, 10/02/2014 - 11:42

Regulatory change is second only to market volatility as an executive issue for financial services firms, according to research by SunGard. »

Fraud

SEC brings fraud charges against two Wall Street traders involved in parking scheme

Wed, 05/02/2014 - 11:57

The SEC has charged two Wall Street traders involved in a fraudulent “parking” scheme whereby one temporarily placed securities in the other’s trading book to avoid penalties that would affect his year-end bonus. »

Fiona Le Poidevin, Guernsey Finance

Why AIFMD makes it MORE attractive to (re)domicile or co-domicile in Guernsey

Tue, 04/02/2014 - 19:14

By Fiona Le Poidevin – The implementation of AIFMD provides increased reasons to (re)domicile or co-domicile funds in the third country of Guernsey, says Fiona Le Poidevin, Chief Executive of Guernsey Finance. »

Gavel and scales

CFTC revokes registrations of Chicago Trading Managers

Tue, 04/02/2014 - 16:00

The US Commodity Futures Trading Commission (CFTC) has revoked the registrations of Chicago Trading Managers (CT Managers).  »

Short selling

SEC charges Bermudian investment adviser and principal for illegal short selling

Tue, 04/02/2014 - 14:31

The Securities and Exchange Commission (SEC) has filed a civil injunctive action against Revelation Capital Management and its principal, Christopher PC Kuchanny, alleging illegal short selling. »

Approved stamp

Kinetic Partners is first firm to be granted internal AIFM licence by CSSF

Tue, 04/02/2014 - 14:11

Kinetic Partners, the global professional services firm, is the first advisory and consulting group to be granted AIFM licensing by the Commission de Surveillance du Secteur Financier (CSSF). »

Trading screens

Calypso interfaces to DTCC GTR for EMIR reporting

Tue, 04/02/2014 - 13:21

Calypso Technology has released an interface to the DTCC’s global trade repository service (GTR) for EMIR (European Markets Infrastructure Regulation) reporting. »

Completed

ConceptONE RegERM platform completes first AIFMD Annex IV filing

Tue, 04/02/2014 - 09:00

ConceptONE has completed one of the first Alternative Investment Fund Managers Directive (AIFMD) Annex IV transparency reports.  »

Gavel

SEC charges two college professors in naked short selling scheme

Mon, 03/02/2014 - 11:47

The Securities and Exchange Commission (SEC) has charged a pair of Florida college professors with perpetrating a complex naked short selling scheme for more than USD400,000 in illicit profits. »

Electronic trading floor

Confisio and Traiana collaborate on EMIR reporting solution

Fri, 31/01/2014 - 06:43

Traiana has entered into a strategic alliance with Confisio Managed Services to provide a middleware trade reporting solution to Confisio clients in Cyprus ahead of the impending 12 February EMIR deadline.  »

Geoff Cook, chief executive of Jersey Finance

Jersey’s ‘future proof’ funds regime to be showcased to London audience

Thu, 30/01/2014 - 15:07

Jersey’s position as the first “third country” to offer the option of a fully-compliant AIFMD regime is set to be highlighted at Jersey Finance’s annual funds conference in London this year. »

Tax

Finance professionals risk reputations by ignoring tax

Thu, 30/01/2014 - 10:35

Fewer than four in ten of those working in banks, asset managers and hedge funds believe investments in corporate tax policy have a significant impact on reputation, according to a new report from Kinetic Partners. »

Magnifying glass

SEC issues risk alert on investment advisers’ due diligence when selecting alternatives

Wed, 29/01/2014 - 12:08

The Securities and Exchange Commission’s office of compliance inspections and examinations (OCIE) has issued a risk alert on the due diligence processes that investment advisers use when they recommend or place clients’ assets in alternative investments such as hedge funds, private equity funds, or funds of private funds.   »

features
Special report
Cybersecurty for Hedge Funds

Cybersecurity for Hedge Funds

Thu, 30/07/2015 - 11:00

Cybersecurity is no longer simply an IT issue, it is now a business issue. This is the conclusion of the experts and fund managers around the world whose opinions were polled for this landmark Hedgeweek Special Report, which outlines Best Practices for Cybersecurity in a fast-changing environment where managers need to keep several steps ahead of cyber criminals... »

Article
EU Flag

Hedge fund manager outlook on the AIFMD

Wed, 22/07/2015 - 19:52

The introduction of the Alternative Investment Fund Managers Directive (AIFMD) into European law in 2013 was part of a series of moves towards greater regulatory oversight of the hedge fund industry in recent years. In our survey, we asked hedge fund managers for their views on the effect of these new regulations on the industry as well as their expectations about the impact of the AIFMD on their firm over the next 12 months, the results of which are analyzed in this extract from the Preqin Special Report: AIFMD in the Hedge Fund Industry – 2015 Update. ... »

Article
Ken MacCuish, Intralinks

A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.  ... »

Article
Sovereign Wealth Funds

Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review.  ... »

Special report
Hedgeweek Special Report: Hedge Fund Administration

Hedge Fund Administration 2015

Tue, 16/06/2015 - 09:57

Mergers and acquisitions in recent years have changed the face of hedge fund administration. Big custodial banks are likely to dominate the HFA space in years to come, forming one part of a barbell with a number of well-run, well-capitalised independent HFAs on the other end. This report examines the implications for both hedge funds and their administrators... »

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