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BNP Paribas Securities Services has launched an outsourcing service for AIFMD reporting, allowing asset managers to fulfil their reporting obligations without the associated administrative and financial burden.
Under the directive, alternative investment funds including hedge funds, private equity and real estate funds, and funds of funds must report certain information, including exposures and leverage, to national supervisors. The requirements are designed to help regulators monitor systemic risk in the alternative investment fund industry.
John Vaughan, head of product for fund administration, middle office outsourcing at BNP Paribas Securities Services, says: “Depending on the fund manager, the cost of setting
Despite a slight fall in fundraising in Q3 2014 compared to the previous quarter, the total capital raised in 2014 so far remains strong, with the USD63bn raised in the first three quarters of the year surpassing the USD56bn raised during the same period last year. However, the number of funds reaching a final close has declined from 166 to 121 over this time period, and almost two-thirds of capital raised by funds holding a close in Q3 came from just five firms, suggesting that capital is increasingly concentrated among fewer managers.
Please click here to download the Preqin Quarterly Update:
Fundraising for private infrastructure funds has remained strong in 2014 to date, with the 14 funds closing on an aggregate USD8.5bn in Q3 2014 bringing the total raised throughout the year to USD27bn, a small increase on the USD23bn raised over the same period last year. However, capital is further concentrated among a smaller selection of managers, with the number of funds to close falling. Just 28 funds have closed in the first three quarters of this year, compared to 41 in the same period in 2013.
Please click here to download the Preqin Quarterly Update: Infrastructure, Q3 2014
The third quarter of 2014 saw 199 private equity funds reach a final close, raising USD80bn in aggregate capital, representing 21% fewer vehicles and a significant 44% decrease in capital commitments compared to the previous quarter. However, the relatively low number of funds means that the average fund size of USD402m is particularly high. Investors seem to be more inclined to commit capital to the larger, more established private equity fund managers, and these statistics serve as evidence of continuation of the trend seen in the fundraising market last year.
Please click here to download the Preqin Quarterly Update: Private Equity,
Hedge funds experienced outflows in September for the first month since December 2013, according to the eVestment September and Q3 2014 Hedge Fund Asset Flows Report.
Performance losses caused the industry’s first quarterly asset reduction in Q3 since Q2 2012.
Redemptions in September were likely the result of losses in July. The impact of September’s losses may become evident in the next two to three months.
The most noticeable deviation from recent trends in September came in the form of investor redemptions from equity-focused strategies. The universe last experience outflows in June 2013.
Event driven funds, which
Carey Olsen's financial and corporate and investment funds work in the Channel Islands, the Cayman Islands and the British Virgin Islands has been recognised in the 2015 International Financial Law Review 1000 (IFLR1000) guide.
The new results come just after the firm gained tier 1 rankings across all of its Channel Island practice areas in The UK Legal 500.
The IFLR1000 is a guide to the world’s leading financial law firms and is based on independent research which includes interviews with the featured firms, client and competitor feedback and market analysis from the past 12 months.
For the
Hedge Connection’s Winter Challenge 2015 stock selection competition begins on 1 December, hosted by the firm’s charity partner Portfolios with Purpose.
As recipient of the entrance fees for this competition, Hedge Connection has selected Technoserve, an organisation that works with enterprising people in the developing world to build competitive farms, businesses and industries.
“This stock selection competition is a fantastic opportunity for our participants to demonstrate their market skills while contributing to a great cause,” says Hedge Connection CEO Lisa Vioni.
“Portfolios with Purpose is thrilled to partner with Hedge Connection in this initiative combining the passion of
With the derivatives markets working through new rules, market structure changes and a wave of uncertainty, many across the capital markets industry believe the futures markets will benefit.
TABB Group conducted a survey of more than 40 traditional asset managers and found that 70 per cent of the participants said they expect their listed futures trading volumes to increase over the next 12 months with 82 per cent saying that growth will be driven by increased market volatility and rising interest rates.
According to TABB principal Matt Simon, head of futures research, and research analyst Luther Zhao, co-authors of
Eze Castle Integration has enhanced its Eze Managed Suite, a fully managed IT solution for hedge funds and alternative investment firms providing flexibility and simplified IT operations via the Eze Private Cloud.
The new offerings, which include Microsoft and Varonis applications, provide collaboration; file synchronisation and sharing; document security and governance capabilities in an all-inclusive, cost-effective cloud offering.
The latest enhancements to Eze Managed Suite include Microsoft’s Lync platform for unified communications and Varonis’ DatAnywhere and DatAdvantage tools for enterprise-class file sharing, synchronisation and governance. The enhanced Eze Managed Suite gives hedge fund and investment firm users all the
Charles River has expanded its Investment Book of Record (IBOR) offering by integrating Interactive Data’s Corporate Actions Service as an integral part of the Charles River Investment Management Solution (IMS).
Charles River clients now have intraday access to Interactive Data’s mandatory and voluntary corporate actions, dividends, and capital events information covering 80,000 companies in over 100 countries.
“Charles River IBOR provides accurate real-time position management for the front office, and corporate actions are critical to ensure this accuracy,” says Tom Driscoll, global managing director, Charles River. “Offering pre-packaged data from Interactive Data gives users a simplified, high-quality corporate action
