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KNEIP has launched an expanded service offering to help asset managers meet the increased demands posed by regulation in Europe.
Over the course of 2013, KNEIP added new business lines including AIFMD transparency reporting and regulatory filing.
Quarter four 2013 was the firm’s best quarter ever. KNEIP signed 73 agreements in Q4 2013 with investment managers collectively representing USD9trn in assets under management. This is around 14 per cent of current worldwide investable assets.
Bob Kneip, chief executive officer at KNEIP, says: “The asset management industry is set for fast growth over the next decade, with global investable
Half (51 per cent) of institutional investors are now actively seeking out investments through proactively contacting fund managers, with 5,600 investment professionals using Preqin’s platform to source potential investments.
Since the launch of Preqin’s fund marketing platform in November 2013, which provides overview information on all 2,100 funds in market, 200 funds targeting a total of USD50bn have signed up to directly engage approaches from accredited investors on the Investor Network, accounting for almost 10 per cent of funds being raised.
More funds are using the platform to help with fundraising with each passing week.
Traditional methods of
The majority of hedge fund investors and operational due diligence analysts (73 per cent) feel directors do not serve a useful function, according to a survey by Corgentum Consulting.
An even a larger percentage (76 per cent) feel that directors do not provide true independent oversight of funds.
"Offshore jurisdictions and fund directors have an ongoing public relations problem when it comes to investors. Competent fund directors can actually add value to the overall governance of a hedge fund. Many investors simply view these directors as an extension of the fund itself. Compounding the problems 62 per cent of
Asian hedge fund specialists GFIA said Asian fund managers ended January with low net exposures, with selective net short exposures in countries such as Thailand, Indonesia and Malaysia.
GFIA founder Peter Douglas said, "MPA Asia ended its sixth straight positive month with a remarkable 1.32 per cent, with most of its returns derived from its short exposure in China and ASEAN. Dalton Asia (4.8 per cent) also benefited from its short positions in Japan and Australia, which took up -32 per cent and -11 per cent of the fund’s short exposure respectively. Despite a higher than normal long-short ratio, Ashoka’s (0.5 per
Advent Software’s Geneva portfolio management and fund accounting product was named Best Fund Accounting and Reporting System 2014 by the readers of Hedgeweek.
The fifth edition of the Hedgeweek Awards, presented in London on 3 February 2014, brought together the leading names in the global hedge fund industry to celebrate the achievements of the best performing managers and service providers in 2013.
The awards were determined by the votes of Hedgeweek’s 41,000 subscribers, who include institutional investors, wealth managers, fund managers, and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians, and advisors.
Guernsey’s financial services regulator approved 30 new investment funds during the fourth quarter of last year, which means that there were a total of 103 additions during 2013.
Figures from the Guernsey Financial Services Commission (GFSC) show that 16 new funds were approved during the first quarter of last year, 24 during the second, 33 during the third and 30 in the final quarter of 2013.
However, the net asset value of funds under management and administration fell by GBP1bn (0.3 per cent) during the fourth quarter to GBP266bn at the end of December, representing a decline of GBP10.8bn
Peregrine Communications, the financial services PR, marketing and design agency, has been voted by Hedgeweek's readers as the "Best European Public Relations Firm 2014".
This is the fourth consecutive year that Peregrine has won this award, winning it each year since 2011.
The award recognises Peregrine’s "excellence among service providers, as voted by Hedgeweek readers".
Peregrine was cited for its contribution in promoting alternative investment managers, particularly hedge funds and funds of hedge funds, in the financial, trade and consumer press.
Peregrine has teams located in both London and New York.
BNP Paribas Securities Services has launched a reporting tool enabling intraday liquidity monitoring for investment banks, allowing them to optimise the use of their liquidity as well as prepare for continuing regulatory changes across the globe.
The service allows BNP Paribas to deliver customised reports on cash account balances globally, using its existing ‘NeoLink’ web portal for clients.
The first launch of the tool, to which several clients are already subscribed, sees reports on intra-day and end of day balances on multiple accounts delivered at predetermined times of day to specified recipients within the client organisation.
Beatrice
BT is launching BT One Voice Radianz, a service that unifies voice, mobile and data services and delivers them to members of the BT Radianz Cloud, a secure networked community for the financial services industry.
This is the first solution from the wider BT Global Services portfolio that is being made available to Radianz Cloud community members, which include banks, brokers, exchanges and clearing firms.
Companies choosing the unified communication solution will be able to access the service via their existing Radianz Cloud connections, expanding the range of specialist financial markets applications already available to community members.
One
ICMA’s European Repo Council (ERC) has launched its updated guide to best practice in the European repo market, setting out standards for the orderly trading and settlement of repos.
Much repo trading in Europe is between banks in different countries, making it essential to have consistent, internationally-recognised standards.
In a repo transaction, one party sells an asset (usually fixed-income securities) to another party at one price at the start of the transaction and commits to repurchase the asset from the second party at a different price at a future date. By this means, the first party borrows money for
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