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With significant dollars poised to flow into hedge funds in 2012, managers must address investor transparency and liquidity concerns to take advantage of new funding opportunities, according to the fifth annual global study released today by SEI, in collaboration with Greenwich Associates.
The second report in the two-part series, titled "The New Dynamics of Hedge Fund Competitiveness," indicates a need for hedge fund managers to move beyond portfolio transparency to provide investors with consistent and insightful communications along with direct access to investment teams. Liquidity and the inability to control exit strategies have also emerged as key concerns for hedge
The Swiss Funds Association SFA (SFA) regards the latest position paper on distribution rules published by FINMA as a good approach. The SFA supports the measures aimed at improving the transparency of certain financial products at the point of sale as well as to make all erstwhile unsupervised asset managers subject to the prudential supervision of FINMA.
To improve client protection in financial market law, FINMA proposes in its position paper that a package of regulatory measures be introduced. SFA welcomes in particular the creation of a level playing field for all financial products, and making all asset managers subject
Fidessa group plc (LSE: FDSA), a provider of trading, investment management and information solutions, has launched a dedicated Japanese language version of its award-winning global fragmentation index.
Fidessa’s fragmentation analysis tools (freely available at fragmentation.fidessa.com) provide essential analysis on the global equities trading landscape and make insightful comparisons between different venue types across geographies and over time. Fidessa initiated coverage of the Japanese market following the launch of Chi-X Japan in July 2010.
The new Japanese language version of the Fidessa Fragmentation Index (FFI) provides a simple and unbiased measure of how trading in any Japanese stock or index is
KPMG LLP, the audit, tax and advisory firm, has further expanded its alternative funds team by naming industry figures John Budzyna and Maurice Holmes to key posts.
Budzyna, an internationally recognized leader and spokesman for the alternative investments industry, has been named KPMG’s National Leader, Market Development for Alternative Investments. Holmes, who also has extensive experience advising hedge funds and service providers to the hedge fund industry, has been named Managing Director, Market Development for Alternative Investments.
"I am very excited to join KPMG’s growing alternative investments practice and look forward to working with their ever-expanding group of talented and
Deutsche Bank has published its tenth annual Alternative Investment Survey, which was conducted in December 2011 by the Bank’s Global Prime Finance business.
Approximately 400 investor entities worldwide, representing more than USD1.35 trillion in hedge fund assets and over two thirds of the entire market by assets under management (AUM), participated in the industry’s largest and longest standing comprehensive hedge fund investor survey.
Nearly half of the investors surveyed individually manage and/or advise over USD1bn in hedge fund assets. Respondents include public and private pensions, foundations and endowments, government organisations, funds of funds, private banks, investment consultants and family
A welcome inclusion in South Africa’s national budget on Wednesday was a further commitment to a broad-based investment manager exemption, says Rupert Worsdale (pictured), partner with Maitland, London…
It was proposed that a legislative carve-out be created for foreign investment funds so that these funds are not inadvertently subject to worldwide taxation by virtue of the activities of South African based investment managers.
A year ago, a very narrow investment manager exemption was introduced removing liability in relation to limited partnership structures where the general partner was South African based. Very few international structures are structured in this way.
However,
Hedge funds are leveraging outsourcing in diverse ways to expand offerings and enhance productivity. As technology becomes a strategically important differentiator for hedge funds, outsourcing enables managers to develop a reliable, scalable infrastructure while focusing on their core money management competencies.
Eze Castle Integration, in conjunction with Pershing Prime Services, has developed a guide which examines the various options that exist in outsourcing. Eze Castle Integration tapped into its extensive network of industry sources, and drew on its in-house expertise and deep experience with leading hedge funds to produce this comprehensive guide, which highlights recent trends and includes practical information
On 15 February, the Cayman Islands Government issued a Financial Services Industry Advisory regarding Cayman Islands ‘master funds’ which had only one regulated feeder fund.
The Advisory stated that the Government and the Cayman Islands Monetary Authority (CIMA) both disagree with an interpretation held by some practitioners that a ‘master fund’ with only one regulated feeder fund is not required to be registered with CIMA and that they will issue amending legislation shortly for consultation.
According to law firm Appleby, subject to a review of the amending legislation, a consequence of such a change is likely to be that pooling
Jersey Finance has welcomed the signing of a Double Taxation Agreement (DTA) between Jersey and Hong Kong as another key step in growing business with the Far East.
Signed by Jersey’s Chief Minister Senator Ian Gorst and Hong Kong’s Secretary for Financial Services and the Treasury Professor K C Chan, the agreement reinforces the focus Jersey’s finance industry has on building business in the region and supports Jersey Finance’s strategy of maintaining a strong presence in the Far East. Jersey Finance has had a permanent office in Hong Kong since 2009 and facilitates visits for Members regularly, with the next
Following the announcement last week that Pictet Asset Management had launched a short-term high yield bond UCITS fund, the Swiss asset ma
