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The Royal Academy of Engineering and Man Group have appointed a new Research Chair in Machine Learning at the University of Oxford to develop machine learning and data analysis techniques for large-scale, real-world applications, including financial modelling.
Professor Stephen Roberts will hold the five-year Research Chair, applying his expertise and years of experience in machine learning approaches, data analysis and statistical modelling.
Roberts currently leads the university's hub for machine learning and data analytics. This encompasses the Department of Engineering Science’s Machine Learning Research Group, a body of some 30 leading machine learning researchers, and the Oxford-Man Institute, a
- 06/10/2016
Circle Partners is a global financial services specialist that provides its clients with a range of fund administration services and one-stop-shop services for start-up managers looking for the most efficient route to market.
Heading up the firm's US office in Orlando, Florida is David Payne in his role as Head of Business Development for the Americas. Payne was formerly Director of Circle Partners (BVI) before relocating to the US in August this year and prior to working in the BVI and Cayman Islands, he was a director and legal counsel at Circle Partners' London office.
Payne says that the near-term
- 06/10/2016
- 06/10/2016
The SEC has recently adopted amendments to its Form ADV. Included are provisions that attempt to get a clearer handle on the extent to which Advisers are using outsourced chief compliance officers, placing even greater scrutiny on smaller managers who are more inclined to outsource the CCO function.
Whereas previously Form ADV only required the identity of the CCO to be listed, item 1J on the newly updated Form ADV stipulates that fund managers must confirm whether or not they are using an outsourced CCO, and if so what their name is, the name of the firm they work
- 06/10/2016
Despite the so-called uniformity of the EU, the pan-European Alternative Investment Fund Managers Directive (AIFMD) is still being interpreted and applied by individual EU Member States. In theory it is meant to act as a standard framework to oversee the activities of AIFMs, but with National Private Placement Regimes still running, overseas fund managers are finding that navigating the different reporting requirements is a minefield. Different regulators simply have different takes on the Directive.
In musical terms, AIFMD is less an ordered symphony with everyone playing to the same tune, and more a jazz ensemble.
"Some countries are saying that
- 06/10/2016
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
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