US Fund Services 2014

Tue, 07/10/2014 - 10:03

With the SEC increasing its scrutiny of hedge funds and the JOBS Act opening up hedge fund marketing, read how advisers and service providers to US funds are developing multiple solutions to help managers address these issues

The 'US Fund Services 2014' special report comprises 9 separate articles listed below, these can be read individually or as a sequence.
USA flag

Regulation puts US hedge funds firmly in the spotlight

Tue, 07/10/2014 - 10:11

Under the stewardship of Mary Jo White, Chairperson of the SEC, the US regulator is pursuing a “Broken Windows” enforcement strategy, as used to great effect by the New York police department in the 90s. »

Brian Bekiers, U.S. Bancorp

U.S. Bancorp brings shadow accounting solution to the table

Tue, 07/10/2014 - 10:19

The continuing institutionalisation of the hedge fund industry can be illustrated by a growing demand among managers – and indeed their investors – for shadow administration. Market regulation is pushing firms to stay operationally compliant. As a result, hedge funds need to be comfortable, and confident, that the investment books and records are accurate. »

Jill Calton, UMB Fund Services

Growing traction in private equity funds space

Tue, 07/10/2014 - 10:23

Jill Calton (pictured) is a managing director of the Alternative Investment Services division at UMB Fund Services. Over the past 12 months, the firm, which currently administers just north of USD31bn in alternative investment assets, has seen increasing inflows into credit strategies and private equity funds; particularly the latter. »

Advent Software, Martin Sreba

Delivering transparency to run liquid alternatives

Tue, 07/10/2014 - 10:31

“Being able to wrap an alternative trading strategy into a ’40 Act fund structure is going to open up hedge funds to a far wider audience,” comments Martin Sreba (pictured), Senior Director, Global Solutions Management & Sales at Advent Software. »

Mark Ruddy, Ruddy Law

SEC enforcement: the state of play

Tue, 07/10/2014 - 10:35

Developing trends – Recent SEC investigations into hedge funds, investment advisers, officers, directors, and political intelligence firms have been indicative of two separate trends that are currently shaping SEC enforcement decisions. »

James Williams, Hedgeweek

Investors quench their thirst with liquid alternatives

Tue, 07/10/2014 - 10:39

The second part of a report released by Deutsche Bank in September 2014 reveals that investor allocations to US alternative mutual funds currently stand at 24 per cent; up from last year’s figure of 13 per cent. »

Max Hilton, Peregrine Communications

Peregrine expands US capabilities with NY office

Tue, 07/10/2014 - 11:22

This summer, Peregrine Communications pitched its flag on 44th & Fifth, New York to further bolster its award-winning reputation as a marketing solutions provider. Overseeing the new office is Peregrine's Max Hilton. “We’ve been working with US clients since 2002 but it became apparent that we needed to be on the ground. Sixty per cent of hedge fund managers are based in the US, and many of the investors into hedge funds, and New York and London are the two most important media hubs,” says Hilton. »

Kavitha Ramachandran, Maitland Group

Getting around AIFMD

Tue, 07/10/2014 - 11:28

By Kavitha Ramachandran, Maitland Group – The EU’s Alternative Investment Fund Managers Directive (AIFMD) has essentially created a vast ‘Fortress Europe’. As of 22 July this year, managers of alternative investment funds must become authorised under the Directive as ‘AIFMs’ (Alternative Investment Fund Managers) or accept the burden and uncertainty of the private placement regimes if they want to market their funds in Europe. »

Jack Seibald, managing member at Concept Capital Markets

Basel III set to increase prime brokerage costs

Tue, 07/10/2014 - 11:33

Market regulation is starting to impact the way prime brokers do business with their hedge fund clients. The need to store away more capital and strengthen their balance sheets under Basel III regulations and other requirements imposed by central banks are set to redefine the way primes view their clients, with the return on assets they earn from them likely to become the de facto parameter. »

other gfm publications
GFM corporate logo