Lemanik Asset Management, an independent Luxembourg-based asset manager with USD20 billion of assets held in 230 sub-funds, has chosen Linedata’s compliance monitoring software – Linedata Compliance. To comply with the UCITS and AIFM directives, which impose rigorous controls and strict
Hedge fund managers are experiencing the ripple effects of new regulations on banks and prime brokers, with hedge funds facing increased trading fees and broader changes to business relationships. These dynamics place additional pressure on margins and are leading managers
Risk managers are making a more conscious effort to not only understand the virtues, but also the limitations, to risk models as they adjust to life under greater regulatory scrutiny, in particular the AIFM Directive in Europe. Indeed, such is the
Jersey is to introduce regulation of virtual currency. The island is already home to the first regulated Bitcoin fund and the new regulatory proposal is intended to encourage confidence and innovation in the sector. The announcement was made this morning
Managing derivatives risk in the portfolio is a demanding task at the best of times. But as global regulators make inroads to drive transparency in OTC markets, managers find themselves having to file detailed risk positions under CFTC regulations in
Operational Due Diligence (ODD) has become increasingly important across the alternative investment industry and more resources and attention are being placed on this function. This was one of the main findings from a session on ODD at the recent Global
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has today welcomed the publication of new Regulations for Undertakings for Collective Investment in Transferable Securities (UCITS) by the Central Bank of Ireland (CBI).
 
Once implemented, the
The US Commodity Futures Trading Commission (CFTC) is to make an award of approximately USD290,000 to a whistleblower for providing valuable information about violations of the Commodity Exchange Act (CEA). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
The recent swathe of regulation has meant that managers face an incredible drain on internal resources, leading to increased headcount, increased operating costs, and distraction from core competencies. To overcome this, ConceptONE and Maples Fund Services, a division of MaplesFS,
There are some early signs that the effects of Basel 3 are changing the way that hedge funds do business with their prime brokers. In today's new reality, primes are becoming more prescriptive over how the bank's balance sheet is
