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The alternative fund industry may have experienced a difficult couple of years following the economic crisis and downturn, but HSBC believes that with market stabilisation, greater competitiv
After a turbulent two years for global hedge funds, Ireland is now at the crossroads of opportunity as the industry moves to capitalise on new investor trends.
Ireland is poised to become a prime beneficiary of the trend among alternative investment managers to establish regulated funds as a core part of their offering to investors.
Ireland’s alternative fund services industry is standing bloody but unbowed following the crisis of the past three years, which saw many fund administrators and other providers hit by falling
The credit crunch, financial industry crisis and economic downturn of the past three years have had huge implications not only for managers of alternative funds and service providers to the s
With offices in Grand Cayman, Ireland and the US, Admiral Administration continues to forge partnerships with small and start-up hedge fund managers, offering skilled staff and an advanced te
The board of the Association of Investment Companies has elected Sarah Bates to be the new chairman succeeding Carol Ferguson.
Bates will take up her new role from 24 January 2011 following the completion of Ferguson’s three years in office.
Bates has been on the AIC’s board since December 2006 and was elected as deputy chairman in January 2008.
She has also been involved in various other AIC committees including chairing the SORP review working party, chairing the AIC’s audit committee and serving on the chairman’s committee.
Bates has over 30 years of investment experience and has been an analyst,
Guernsey’s government plans to give financial institutions a window from 1 January 2011 to 1 July 2011 for moving to automatic exchange of information.
The fiscal and economic policy group carried out a public consultation earlier in the summer and yesterday chief minister Lyndon Trott told the local parliament of the planned transition to automatic exchange of information for the equivalent measures Guernsey adopts relating to the EU Savings Tax Directive.
His statement outlined the intended timing of a movement to automatic exchange of information following the consideration of the results of the consultation process.
He said: “In light of
Fund managers are increasingly turning to equity and asset allocation as the number of fixed income funds in the absolute returns sector falls, says Standard & Poor’s Fund Services in its latest sector review.
“Many fixed income funds that were core holdings in long-only funds-of-funds were subject to significant redemptions in 2008, and therefore the underlying absolute return funds had to liquidate positions in a very difficult market,” says S&P Fund Services lead analyst Kate Hollis.
“This, and the underlying credit bias inherent in many of the funds’ processes, led to very poor performance.”
Equity long/short managers did reasonably well
