The continuing institutionalisation of the hedge fund industry can be illustrated by a growing demand among managers – and indeed their investors – for shadow administration. Market regulation is pushing firms to stay operationally compliant. As a result, hedge funds
Under the stewardship of Mary Jo White, Chairperson of the SEC, the US regulator is pursuing a “Broken Windows” enforcement strategy, as used to great effect by the New York police department in the 90s. In recent times, the SEC
For many investors, ETFs are fast becoming an effective way to engage in tactical trading. And when it comes to investment tactics, commodities represent one of the most challenging arenas in which to participate. Last year, the Dow Jones-UBS Commodity
The Statement of Guidance on corporate governance for mutual funds (SoG) published by CIMA in December 2013 is one of the key regulatory developments to have come out of the Cayman Islands in recent years. The results of an initial
By Michael Doyle (pictured), senior associate, Harneys – Investment Business (Approved Manager) Regulations, 2012 (Old Regulations) came into force on 10 December 2012 and introduced a regulatory light investment management regime for investment managers incorporated or formed as BVI companies
For UBS Fund Services, the AIFM Directive represents a significant opportunity to expand its business offering. As a global operation, it is well positioned to capitalise on the regulatory changes being introduced in Europe as compared to administrators without a
Over the last 24 months, fund administrator Drake Fund Advisors, an emerging market specialist with approximately USD900million in AuA, has established a number of licenses across the globe and fanned out from its BVI headquarters. The modus operandi behind this
On 2 January 2014, an extension to the BVI’s Approved Manager regime was brought into legal force. When this lighter touch regulation was introduced at the end of 2012 demand was strong. The product proved, perhaps, to be more popular
Already the world’s second-ranking financial centre behind only the US for the domicile and servicing of investment funds, with some 11,800 funds and sub-funds and assets under management totalling EU
With nearly EUR2trn in assets under administration in investment funds, Luxembourg has long attracted investors worldwide in traditional asset classes.
