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Chatham Financial has launched new services within its consulting practice and ChathamDirect Software-as-a-Service (SaaS) platform to help fund managers navigate the Alternative Investment Fund Management Directive (AIFMD) and the European Market Infrastructure Regulation (EMIR).
Compliance with the new requirements presents significant challenges for the asset management industry, as funds will soon be required to value assets, debt, and derivatives independently from portfolio management.
Beginning 22 July, AIFMD will require registered fund managers, among other things, to independently value all of their assets and liabilities, including derivatives. Firms will also be required to adopt detailed valuation policies and procedures as
The Securities and Exchange Commission (SEC) re-started its rulemaking for security-based swaps (SBS) under the Dodd-Frank Act by adopting a first instalment of rules that are applicable to SBS involving persons and entities located outside the US.
According to an advisory from law firm Katten Muchin Rosenman, the SEC took into consideration many of the comments made on the proposed cross-border rules it issued in 2012, so the rules are different in numerous ways from the proposed rules.
The rules are broadly consistent with the positions taken by the Commodity Futures Trading Commission (CFTC) in its “Interpretive Guidance and
Investors, consultants and hedge fund managers are now able to conduct risk analysis and generate reports on hedge funds' performance and risk via a native iOS Risk-AI Fusion app.
Risk-AI Fusion is the first practical software for risk analysis of hedge funds for iPad. The application provides users with a set of tools previously available only on desktop or web-based platforms.
"Risk-AI Fusion breaks the dependence on desktop/laptop paradigm and enables investors, consultants and fund managers to conduct sophisticated risk analysis of their investments from any location. The app is built based on our practical experience of analysing hedge
The Hedge Fund Standards Board (HFSB) has been granted affiliate membership of the International Organisation of Securities Commissions (IOSCO).
More than 120 securities regulators are full members of IOSCO and the HFSB will join 62 other affiliate members involved in the markets, including the London Stock Exchange, Deutsche Börse and the International Capital Market Association.
David Wright, secretary general of IOSCO, says: "We are pleased to welcome the Hedge Fund Standards Board as an affiliate member of IOSCO. There is an important role for industry standards to play alongside statutory regulation in promoting transparency and good governance in the
The hedge fund industry is a fast paced dynamic industry, with recent changes in investor demands and regulatory oversight forcing expenses up and fees down. As a result, the industry is undergoing a paradigm shift – driven in large part by technology innovation – to meet these changing operational requirements.
ALTIN, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has disclosed its entire hedge fund portfolio holdings as part of its policy of full transparency to investors.
The portfolio, featuring more than 40 underlying hedge funds and representing over 10 investment strategies, has a NAV performance of +202.11 per cent since its inception in December 1996.
After the 24.65 per cent share price appreciation in 2013, the positive share price trend has continued in 2014, with ALTIN shares rising by a further eight per cent during the first half of the year.
The
GFI Group, a global OTC and listed markets intermediary, has signed a multi-year contract for the use of Torstone Technology’s Inferno back office technology for Reconciliations.
GFI has chosen Torstone’s back office software to improve business agility, management control (given the current regulatory environment) and reduce the total cost of ownership.
The Torstone Reconciliation module is a component of the Inferno back-office system can handle significant volumes on commodity hardware. Its real-time, event-driven, service-orientated architecture helps firms to achieve high rates of STP and react to new market changes in a timely manner.
“Working with an agile technology
Private financial cloud provider Options has partnered with Orchestrade Financial Systems to deploy its fully integrated position keeping, operations and risk management software to the Options platform.
The partnership sees the IaaS provider offer clients a flexible, fully managed and hosted platform for cross-asset trading.
Orchestrade’s technology enables the management of risk and operations across all asset classes in an efficient and cost-effective manner. The software offers the ability to manage in real time portfolio holdings, measure risk and run operations on one single platform.
The Options-Orchestrade solution has been deployed as part of the Options’ Momentum service
BNY Mellon has received formal approval from the UK’s Financial Conduct Authority (FCA) to provide trustee and depositary services to alternative investment funds (AIFs) under the Alternative Investment Fund Manager Directive (AIFMD).
Following the approval by the FCA of its Variation of Permissions (VoP) application – which was submitted to the regulator earlier this year – BNY Mellon is now authorised as an AIFMD depositary in six European markets: the UK, Ireland, Belgium, Germany, the Netherlands and Luxembourg.
July 22 marks the deadline for European Union alternative investment fund managers (AIFMs) looking to market their EU AIFs via the
Global investors have regained a strongly bullish stance on the outlook for equity markets in the second half of 2014, according to the BofA Merrill Lynch Fund Manager Survey for July.
A net 61 per cent of global asset allocators are now overweight equities. This ranks as the survey’s highest reading on this measure since early 2011 and represents the panel’s second-strongest response ever.
This aggressive positioning for recovery in H2 reflects a significant increase in investors’ inflation expectations. A net 71 per cent expect global core CPI to be higher in 12 months, up 13 percentage points since
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