KNEIP has launched an expanded service offering to help asset managers meet the increased demands posed by regulation in Europe.
Over the course of 2013, KNEIP added new business lines including AIFMD transparency reporting and regulatory filing.
Quarter four 2013 was the firm’s best quarter ever. KNEIP signed 73 agreements in Q4 2013 with investment managers collectively representing USD9trn in assets under management. This is around 14 per cent of current worldwide investable assets.
Bob Kneip, chief executive officer at KNEIP, says: “The asset management industry is set for fast growth over the next decade, with global investable assets set to hit the USD100trn mark by 2020. This presents a great opportunity for fund managers, but with constant changes in regulatory requirements there is a lot for them to address.”
KNEIP conducted research to assess the sentiment of fund managers towards increasing regulation and the reporting that it entailed. The research revealed that the pace and volume of regulation was a major concern for fund managers last year. Of those surveyed, 82 per cent cited heavy regulation as the biggest challenge faced by the industry, whilst 42 per cent identified AIFMD transparency reporting as a particular concern.
Kneip says: “This is why we decided to launch a wider range of products to help fund managers at key points in the fund life-cycle, from fund-set up to operational and regulatory reporting. KNEIP has evolved in step with the fund management landscape and we will continue to improve and adapt our services to suit our clients.”