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The majority (82 per cent) of fund managers feel that heavy regulation is the main issue facing the industry over the coming 12 months, according to research by KNEIP.
The figures are based on the results of a recent survey of KNEIP clients, which gathered the thoughts of more than 130 fund companies worldwide.
Mario Mantrisi, chief strategy and research officer at KNEIP, says: “Ensuring compliance with changing legislation is fast becoming the priority for fund managers. Given the pace and volume of new measures over recent years, it is unsurprising that this has been identified as the key
The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight and division of market oversight have issued a letter providing swap dealers with time-limited no-action relief from certain requirements of the CFTC’s swap data reporting rules.
The rules are set forth at Part 43, Part 45 and Part 46 of the CFTC’s regulations.
The no-action letter establishes a common monthly date by which all newly registered swap dealers must be in compliance with their reporting obligations under the rules, and extends the deadline for reporting historical swap transaction data, as required under Part 46.
Crescent Hill Capital Management, a Singapore-based firm and part of the Crescent Point Group, has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle and back office operations solution for its Crescent Hill Asia Opportunities Fund.
The fund launched in July 2012.
The maiden fund is structured as a long/short offering investing primarily in the Asia-Pacific region.
Chief investment officer and portfolio manager Charles Stone worked previously at CastleBay and Galleon Asia.
“Wells Fargo Global Fund Services is well-equipped to meet our needs given that its global footprint includes a dedicated Asia
The Alternative Investment Management Association (AIMA) and Deutsche Bank have launched a new edition of the educational guide for institutional investors in hedge funds – The Roadmap to Hedge Funds.
The new Roadmap to Hedge Funds, published jointly by AIMA and Deutsche Bank, outlines how the volatile external environment has driven an ever greater need for active risk management.
In re-affirming the case for investing in hedge funds, the Roadmap highlights how the industry responded swiftly to the losses of 2008. The average hedge fund recovered from its 2008 losses by October 2010, in contrast with global equities which are
The World Gold Council has launched a research app for iPhones and iPads that is now available on the iTunes store.
The app is designed to provide investors and advisers with rich and flexible access to the latest research from the World Gold Council and information on the global gold market.
The app includes the following features:
• Reports on key demand-driving regions such as India, China and the West
• Information on gold prices and statistics, country case studies and gold investment reference guides
• Charting tools to view trends and plot the value of gold over time in a range of
The Securities and Exchange Commission today charged Stamford, Connecticut-based hedge fund advisory firm CR Intrinsic Investors LLC and its former portfolio manager along with a medical consultant for an expert network firm for their roles in a USD276 million insider trading scheme involving a clinical trial for an Alzheimer’s drug being jointly developed by two pharmaceutical companies.
The illicit gains generated in this scheme make it the largest insider trading case ever charged by the SEC.
The SEC alleges that Mathew Martoma illegally obtained confidential details about the clinical trial from Dr Sidney Gilman, who served as chairman of the
Advise Technologies’ Consensus RMS suite of regulatory reporting tools is now available on the AbacusFLEX private cloud.
Consensus RMS customers are able to host or locally deploy the software, providing them with the flexibility to choose which best suits their needs and structure.
“New regulatory reporting requirements are weighing heavily on today’s fund advisers, and hosting our software suite on the cloud eliminates the added burden of managing the required technology infrastructure,” says Sean Sullivan, president of Advise. “Abacus’ deeply rooted understanding of hedge fund infrastructure and applications enables them to seamlessly integrate our products with the rest of
JP Morgan has achieved a milestone in US tri-party repo market reform, completely eliminating more than a third of its intraday credit exposure related to the unwind of tri-party repos.
JP Morgan has become the first tri-party agent to offer new collateral optimisation functionality in the US fixed income repo marketplace; this functionality gives dealers new options to adjust their collateral allocation without requiring credit from the clearing bank.
"Once again, we have delivered on our promise to provide clients with innovative tools that achieve market reforms and reduce their operational burden," says Mark Trivedi, managing director at JP
Israel-based Sphera Funds Management is to deploy Tradar’s flagship product, Insight version 5.0.
Sphera Funds Management will take advantage not only of Insight’s portfolio management functionality, but also the new risk management and performance enhancements.
Insight will form a key part in helping Sphera Funds Management create additional operational efficiency, better connectivity channels with third parties, as well as delivering advanced enterprise style reporting for their funds, investors and managed accounts.
With regulatory issues and compliance playing a more important role, Sphera Funds Management desired a scalable solution that could meet these needs, as well as their current and future
The performance of hedge fund strategies exposed exclusively to equity-related risk factors remained positive despite October’s challenging market environment thanks to a strong dynamic alpha, according to the Edhec-Risk Alternative Indexes.
Equity market neutral rose by 0.34 per cent and long/short equity by0.25 per cent.
The event driven strategy, benefiting from additional credit exposure, posted a higher 0.53 per cent.
The convertible arbitrage strategy (0.04 per cent) was almost flat, with influences of its main exposures (credit and convertibles) mostly cancelling each other out, and a slightly negative dynamic alpha.
CTA global (-3.22 per cent) suffered one more huge idiosyncratic
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