Latest News
Regulatory reporting remains a pertinent issue for a lot of fund managers under AIFMD. One of the attractions of going with a fully outsourced AIFM, which can also provide sub-fund capabilities for those dipping their toe into Europe, is that the reporting and operational compliance function is taken care of.
But for those managers who wish to continue to privately place their offshore funds into Europe, the regulatory reporting requirement under Annex IV is a key operational task; and one that they increasingly rely on their fund administrator to help with.
ConceptONE, LLC, which specialises in regulatory reporting and
- 08/03/2016
Two of the most important considerations for any hedge fund manager under AIFMD are deciding on who to appoint as an external AIFM (or "Management Company") and also who to appoint as a depositary; the latter of which is discussed later in this report.
As registered AIFMs, European hedge fund managers are required to separate out their portfolio management and risk management functions. That is fine for established managers with well-developed front to back teams.
But for smaller managers, who only just qualify as AIFMs by exceeding the EUR100m, they may not have sufficient capital and may not be
- 08/03/2016
Linedata has released the latest version of fund accounting software Linedata Mfact, focusing on streamlining and automating key processes and enhancing exception management capabilities.
This has been achieved by delivering new business process management (BPM) capabilities, enhanced corrections processing, an integrated weekend/holiday schedule and improved handling for irregular paying debt instruments. Linedata Mfact forms a key part of the Linedata Admin Edge platform, supporting end-to-end fund administration for alternative, traditional and liquid alts funds.
Faced with increased operating demands and higher costs, the fund accounting function has to be run as efficiently and safely as possible. Linedata Mfact is
- 08/03/2016
Worth Venture Partners (Worth), an emerging manager hedge fund platform headquartered in Manhattan, has secured a USD100 million investment by Lombard International (Lombard) in a diversified portfolio of emerging hedge fund strategies, the WVP Emerging Manager Onshore Fund.
Lydian Advisory Group also worked with Worth and Lombard to structure the initial investment.
David Wertentheil, Partner and Co-Founder of Worth, says: "We are excited to be an alternative emerging manager solution for Lombard. Our strategies support diversification of returns while meeting the wealth planning needs of their sophisticated client base through insurance-based structures."
The WVP Emerging Manager Onshore Fund
- 08/03/2016
TradeStation Group, parent company of broker-dealer and futures commission merchant TradeStation Securities, the award-winning broker-dealer and futures commission merchant, has announced that Salomon Sredni will retire as President and CEO and from the board of directors effective 31 March, 2016.
John Bartleman, President of TradeStation Securities, will succeed Sredni as President of TradeStation Group, and join its board of directors, effective 1 April, 2016. TradeStation Group, a Monex Group company (listed on the first section of the Tokyo Stock Exchange, code: 8698), is the parent of the organisation’s US-based brokerage and trading technology businesses. Sredni is also retiring as COO of
- 08/03/2016
- 08/03/2016
CME Group has made a number of Managing Director promotions, all of which took effect in February.
Peter Keavey, 47, has been appointed Managing Director and Global Head, Crude & Refined Energy Products. Based in New York, Keavey is responsible for managing and expanding CME Group's risk management tools across its global Crude and refined product suite, in addition to leading the US Natural Gas and Power businesses. Prior to joining CME Group in 2013, Keavey served as Portfolio Manager at Graham Capital Management focusing on energy markets. He also served as Managing Director and Head of Energy Trading at
- 08/03/2016
- 08/03/2016
BP Capital Fund Advisors has appointed Brad Olsen as Principal and Portfolio Manager of the TwinLine MLP Fund and the TwinLine Energy Fund.
Olsen will lead the Firm's midstream/energy infrastructure research and investment effort. He brings 10 years of experience in midstream and energy to the team, including four years of buy-side experience and four years leading the midstream research effort at Tudor, Pickering, Holt & Co (TPH &Co) in Houston, where he was recognised as a top midstream analyst by Institutional Investor, Wall Street Journal, and the Financial Times.
"I have known Brad for nearly a decade," says Toby Loftin, Managing
- 08/03/2016
Hedge funds posted gains in February, outperforming US equities for the third consecutive month, as equity, credit and energy markets traded in a wide and volatile intra-month range, according to data released today by HFR.
The HFRI Fund Weighted Composite Index (FWC) advanced +0.5 per cent for the month, bringing the FWC to an Index Value of 12040.78, with gains again led by Macro and quantitative, trend-following CTA strategies. February represents the strongest FWC monthly gain since October 2015 and brings the YTD performance to -2.0 per cent, leading equity benchmarks across US, Europe, Asia and Emerging Markets. The HFRI
- 08/03/2016
Victory Park Capital (VPC), an investment firm focused on private middle market debt and equity investments, has promoted three experienced investment professionals, and made three new hires.
The promotions are as follows: Gordon Watson, Partner. Watson helps oversee direct private debt and equity investments in the specialty finance sector. Based in New York, Watson joined VPC in 2014 and has 10 years of experience investing in a diverse range of alternative investments for middle market companies. Watson was previously a portfolio manager centered on distressed debt at GLG Partners, a London-based hedge fund manager. He joined GLG after it purchased
- 07/03/2016
Aquila Capital has appointed of industry expert Manfred Schraepler as Managing Director and Business Unit Head, Financial Assets and Liquid Private Markets.
In the newly created role, Schraepler will be responsible for the strategic direction and further growth of Aquila Capital’s financial asset business.
Schraepler joins Aquila Capital from Bank of America Merrill Lynch’s Fund Solutions Group, having previously worked in a senior capacity at a number of firms, including as Director of Marketing at IKOS CIF Limited and Head of Structured Funds at Deutsche Bank AG, London.
Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital, says: ”I
- 07/03/2016
Special Reports
FeatureD
- Intel
- April 26, 2024
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
