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Recently, the SEC proposed several amendments to Form ADV. Generally speaking, these amendments would require registered investment advisers to disclose information regarding their separately managed accounts, including assets under management and information related to the use of derivatives and borrowings.
Unlike the reporting requirements for private funds, the information reported on Form ADV would be available to the public. The SEC has stated that this information will assist them, and the public, in monitoring risk and advisor activities related to separately managed accounts.
"Managers have expressed concerns that the requirements of this proposed rule are burdensome, costly, and may potentially
Using data from the recently released 2015 Preqin Alternative Assets Performance Monitor, Preqin has created league tables of alternative asset fund managers that have most consistently outperformed their peers. The league tables do not seek in any way to endorse these fund managers, but rather to illustrate those that have performed the most consistently in the past. Six primary strategies have been presented – buyout, venture capital, mezzanine, real estate, infrastructure and natural resources – with venture capital seeing the most fund managers achieve the highest possible score.
The league tables of consistent performers are compiled using only the funds
Using Preqin’s new fund size benchmarks on Hedge Fund Analyst, together with the results of our interviews with approximately 300 hedge fund managers, this extract from September’s Preqin Hedge Fund Spotlight newsletter analyses the effect that fund size has on the overall hedge fund industry by looking at performance, terms and conditions, and the fund sizes institutional investors are looking for.
In July, Preqin added a new series of benchmarks to our Hedge Fund Analyst online service. These benchmarks, which assess the performance of hedge funds based on the size of the fund, can be used in tandem with
Franklin Templeton Investments has launched Franklin K2 Long Short Credit Fund (FKLSX), a multi-manager fund that invests in a variety of credit strategies sub-advised by institutional-quality hedge fund managers.
The fund provides investors with access to a select group of hedge fund managers in a single diversified portfolio, while providing daily liquidity.
Building on Franklin Templeton's strategic acquisition of hedge fund solutions provider K2 Advisors in 2012, the US-registered Fund expands the firm's liquid alternative fund offerings. Like the Franklin K2 Alternative Strategies Fund launched in 2013, this new Fund seeks to provide investors attractive risk-adjusted returns, while providing
UMB Fund Services (UMBFS) has launched a mobile app for its proprietary alternative investment fund accounting and investor servicing technology called UMB Fund Services FastPro.
The app, which is live on Android and Apple iOS operating systems, allows clients to view historical data and reports, investor demographics and fund performance information at anytime, anywhere an internet connection is available. The FastPro platform had previously only been available via web browser.
“Technology is changing the way our clients operate, and in response, we’ve taken our award-winning reporting solution and given it mobile capabilities,” said Chad Allen, managing director of alternative investments
Public relations and financial communications firm Prosek Partners has appointed Andy Merrill as Partner. Merrill brings nearly 20 years of strategic financial communications experience to Prosek, with a focus on transaction communications and issues and crisis management.
Before joining Prosek, Merrill was Senior Managing Director at Teneo, a global strategic consultancy, where he counseled CEOs and boards of directors in the areas of corporate strategy, business operations, media and investor relations, corporate and executive reputation management, transaction communications and other special situations.
Prior to Teneo, Merrill was the US Chief Executive Officer of Finsbury, a financial communications firm based
Despite the recent wild gyrations in global stock markets, 2015 could represent the calm before the storm for European equity brokers, which are awaiting word from regulators on new “unbundling” rules that could upend the economics of their business.
The competitive landscape of the European brokerage market has been in flux since the onset of the global financial crisis, driven by changes in regulation, market structure and in the balance sheets and business strategies of global banks. These changes could accelerate when European regulators announce their final decision on new rules limiting and possibly even prohibiting the use of client
Private investment firm Enhanced Capital and FocusPoint Private Capital Group (FocusPoint), a FINRA member focused on private capital raising, have formed Enhanced FocusPoint (EFP), a partnership to source, seed and launch a series of private investment funds.
EFP will identify talented management teams with investment strategies suitable for institutional investors allocating capital to private funds. This partnership will expand the reach and capabilities of each firm, providing experienced limited partners with new investment strategies.
Four sectors of focus have been identified for the platform: Equity, Credit/Income-Generating, Real Assets, and Special Opportunities. Enhanced and FocusPoint have a long history of backing
Liquidnet, the global institutional trading network, has launched a fixed income dark pool that facilitates direct, peer-to-peer trading of corporate bonds among asset managers in the US, Canada and Europe.
Liquidnet has enrolled more than 120 asset managers, representing a critical mass of liquidity and a sizeable portion of assets under management for high yield and investment grade bonds in the US. At launch, the platform will enable trading for US and European corporate bonds (high yield and investment grade), emerging market corporate bonds, and European convertible bonds.
The Fixed Income dark pool has been designed to provide a
Deutsche Börse, together with the European Trade Repository REGIS-TR, is helping clients to meet regulatory requirements under the new MiFID II European financial directive.
REGIS-TR is jointly run by Deutsche Börse’s subsidiary Clearstream and Iberclear (BME Group). The Markets in Financial Instruments Directive (MiFID II) will enter into force in 2017.
Deutsche Börse is offering clients two services here: firstly, the MiFID II Transaction Reporting Service, which enables clients to submit the relevant data (e.g. executing trader and reason for transaction) to the national competent authorities. This data must be reported through a so called “authorised reporting mechanism” (ARM).
