Latest News
Much is made of '40 Act alternative mutual funds but with their myriad investment restrictions and daily liquidity provisions, the lesser-known registered private fund could be a more compelling proposition for hedge fund managers.
This is the view held by Tony Fischer, President of UMB Fund Services, whose Registered Fund Services platform provides a full turnkey solution for establishing and running a registered hedge fund.
"We put the turnkey platform together over four years ago and there has been steady demand for these types of structures. Liquid alternatives haven't exactly lived up to people's expectations. The can only hold up
- 06/10/2016
By Scott Price, Maitland – It is fair to say that regulatory fatigue has set in when it comes to the European Union market. This has been brought about in particular by the Alternative Investment Fund Managers Directive (AIFMD).
Yet the EU remains attractive to US alternative investment managers, particularly post-Brexit. Many investors in the EU and the UK are seeking opportunities to invest in US funds and US strategies – and demand is likely to remain high during a protracted period of uncertainty following Brexit.
So how can US managers access the lucrative EU market and reduce the barriers
- 06/10/2016
Service providers are becoming more of a strategic partner to their hedge fund clients as they look to provide a suite of services that go beyond a single solution proposition.
In the past, an administrator's primary function was to strike the fund's NAV and provide investor statements. Times, though, have changed.
"Service providers are viewed by managers much more broadly today and we are really aimed at becoming a partner with our clients. Not only are we able to help managers overcome the myriad of regulatory filings they may face, but we want to help them evolve which has required
- 06/10/2016
- 06/10/2016
Continued fee compression, the need for institutional-quality systems and processes, and a desire to reduce the regulatory and compliance burden are just some of the drivers that are pushing hedge fund managers to embrace outsourcing.
"Data management has become a critical task for us. When you take everything into consideration, it's about giving clients access to data coupled with a wide set of tools to help manage that data. It really is important to managers, especially as they increasingly move towards an outsourced model," says Christine Waldron, global head of the Alternative Investment Solutions team at U.S. Bancorp Fund Services.
In her view, outsourcing is a
- 06/10/2016
Marcum has expanded its hedge fund servicing operations in Europe with the launch of Marcum RBK (Ireland) in Dublin – a joint venture with Russell Brennan Keane (RBK), an independent accounting and business advisory firm in Ireland.
The new venture was established as a service centre for current and future hedge fund and private equity fund clients of the Marcum Alternative Investment Group.
Beth M Wiener (pictured), partner-in-charge of Marcum’s Alternative Investment Group, says: “Marcum RBK (Ireland) is perfectly positioned to assist both mature funds and managers needing to navigate the process of establishing a new fund in Ireland,
- 06/10/2016
The introduction of a “regulatory sandbox” to enable businesses that provide virtual currency exchange services to experiment and test new products and applications in Jersey under light-touch regulation have been welcomed by Ogier's intellectual property, tech and digital team.
Changes to two key pieces of legislation that were approved unanimously in June are now in force – the coupled effect of the reforms and an exemption order means that amendments to the Proceeds of Crime and the Proceeds of Crime (Supervisory Bodies) laws establish a GBP150,000 turnover threshold for Exchangers to develop and test innovative products, services, business models and
- 06/10/2016
The total value of trade in equities on the Main Market of the Warsaw Stock Exchange (GPW) was PLN17.6 billion in September 2016, a decrease of 15 per cent year on year.
The value of trade in equities on the Electronic Order Book decreased by 2.8 per cent year on year to PLN16.5 billion.
The value of trade in equities on NewConnect also decreased year on year. The total value of trade was PLN147.0 million in September 2016, a decrease of 24.7 per cent year on year.
The volume of trade in index futures was 514.8 thousand contracts
- 06/10/2016
Global assets under management (AUM) linked to firms that have become signatories to the Principles for Responsible Investment (PRI) rose 195 per cent to USD62 trillion in April 2016 from USD21 trillion in 2010.
Investor expectations and regulations are driving demand for sustainable investing, says Moody’s Investors Service.
“Integrating ESG criteria into investment decisions should limit risks within portfolios and contribute to lower volatility and better performance in the long run. The effectiveness of these strategies however will have to manifest through the cycle, as well as across teams and strategies,” says Marina Cremonese, a vice president at Moody’s.
- 06/10/2016
Latitude Investment Management (Latitude), an investment management firm recently founded by Freddie Lait (pictured), has launched it first fund, The Latitude Horizon Fund, which will spin out of Odey Asset Management in early November.
The Latitude Horizon Fund (UCITS V) is a global long only Diversified Growth Fund targeting absolute returns, with lower volatility and lower fees.
The Latitude Horizon Fund will invest in a concentrated portfolio of stocks which have high-quality business characteristics and strong, or improving, industry dynamics. Alongside this, non-equity investments will be made to generate uncorrelated returns, reducing risk without compromising performance. The relative allocation
- 06/10/2016
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has reported year-on-year growth of over 30 per cent up to the end of the third quarter of 2016.
The company’s employee count also exceeded 100 as it expanded its footprint in the Boston, Los Angeles and San Francisco markets.
“Year-over-year, Abacus has added 40 new clients, including firms in the United Kingdom and Sweden,” says CEO Chris Grandi (pictured), who founded Abacus in 2008. “We have also tripled our data centre capacity to meet the increasing demand for our services.”
Grandi adds that Abacus’s
- 06/10/2016
- 06/10/2016
Special Reports
FeatureD
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
- Intel
- April 15, 2024
- Intel
- April 12, 2024
- Intel
- April 11, 2024
- Intel
- April 10, 2024
