In many respects 2014 was a year of consolidation and possibly a sign of better things to come in the BVI in the view of Mara Spencer (pictured), Managing Director of ACE Fund Services. It was, she says, a period
The BVI has seen some good traction in the Approved Manager regime since it was introduced at the end of 2012. Whilst this has proved popular with start-up and small- to mid-sized managers looking for a lighter touch regulatory oversight
By James Williams (pictured) – It seems the decision by the BVI’s financial regulator, the Financial Services Commission (FSC), last year to extend the Approved Manager regime to managers running non-BVI funds, as well as those running managed accounts, was
There can be no doubt that regulation is raising the costs of doing business for Swiss hedge fund managers. Any opportunity to consolidate operational costs with their service providers is surely welcome as revenue margins continue to get squeezed. UBS
The needs of clients have changed in two clear ways since the end of the crisis, with respect to hedge fund investing, according to Nicolas Campiche (pictured), chief executive officer at Pictet Alternative Investments: the investment approach and service expectations.
One of the key requirements under the Swiss Collective Investment Schemes Act (CISA) is for all foreign fund providers to appoint a Swiss legal representative and paying agent, even for those funds distributed to qualified investors only. The transition period
Right now, hedge fund managers are busy preparing for life as authorised entities under FINMA, the Swiss financial regulator. They have until 1 March 2015 to get their house in order and complete the authorisation process. Under the revised Collective
FxPro Financial Services Limited (‘FxPro’) has launched a Prime-of-Prime service in a bid to attract institutional investors and enable them to benefit from greater transparency and trading cost efficiencies. With FxPro Prime, hedge funds, in particular start-ups (as well as
“Basel III and other regulatory issues and restrictions have a number of driving factors and downstream effects on tier one primes, which drives our whole investment thesis here at PrimeOne Solutions,” states Chris Chanod pictured), Global Head of Business Development,
“Our history is that we’ve been very welcoming to start-up hedge funds. Even as the opportunities to service larger managers grow, we’re not just walking away from what has been a significant part of our business,” says Jack Seibald (pictured),
