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Legal & Regulation

Regulation

Chapter 2: Regulations & compliance

Mon, 16/05/2016 - 12:41

US hedge fund managers face significant regulatory requirements, which this chapter cannot possibly cover in detail. But there are a few key areas of particular import, which shall be summarised below. In addition, this chapter will highlight some of the key considerations for implementing a compliance manual; a must-do task for any ambitious start-up manager who intends to incorporate best practices from the get-go and place themselves in the best possible light with prospective investors. »

Jeffrey Rosenthal

Financial budgeting: One chance to succeed

Mon, 16/05/2016 - 12:37

Planning a hedge fund launch is a serious business. People need to decide whether they are truly ready, both financially and mentally, and be confident in their investment strategy. This may sound trite but all too often start-ups rush to get a hedge fund in place without clearly thinking everything through.  »

Ron Geffner

Structuring a tax-efficient hedge fund

Mon, 16/05/2016 - 12:22

When embarking on any new business, it's important that one not only engages professionals with deep industry knowledge but also commercial knowledge to support the various stages of business growth. For anyone establishing a hedge fund, their needs are going to change as their business evolves from launch to maturity. »

Gavel and scales

Chapter 1: Legal & tax structuring

Mon, 16/05/2016 - 12:17

The two key questions that will drive fund structuring decisions are: Where is the money coming from and what do you want to do with it? »

Geoff Cook, Jersey Finance

Beneficial ownership agreement re-affirms commitment to combatting global financial crime

Tue, 12/04/2016 - 09:49

Geoff Cook (pictured), Jersey Finance CEO, comments on David Cameron’s announcement of an agreement by the Crown Dependencies and Overseas Territories to provide beneficial ownership information to the UK Government… »

The Local Pensions Partnership granted FCA approval

The Local Pensions Partnership granted FCA approval

Mon, 11/04/2016 - 00:01

The Lancashire and London Pensions Partnership has received regulatory approval from the Financial Conduct Authority (FCA) to commence operations under its new name, the Local Pensions Partnership (LPP).  »

Malta

Malta set to rival Luxembourg as securitisations provider

Thu, 07/04/2016 - 10:48

Malta is set to rival Luxembourg in meeting the growing pan-European demand for securitisation products – especially from investors who prefer English as a business language, delegates heard at this week’s Finance Malta Conference in Switzerland. »

Ron Geffner

Sadis & Goldberg LLP - Best Global Law Firm

Tue, 05/04/2016 - 12:40

Sadis & Goldberg LLP is one of New York's leading financial services focused law firms. Known both domestically and internationally as a dominant force in the financial services sector, Sadis & Goldberg serves clients throughout the world and was recently ranked as one of the top five law firms for hedge fund launches in the 2016 Preqin Global Hedge Fund Report.  »

Anne Storie

DMS Offshore Investment Services - Best Offshore Regulatory Advisory Firm

Tue, 05/04/2016 - 12:04

DMS Offshore Investment Services specialises in providing global fund governance with the firm best regarded for the provision of offshore independent directors in the Cayman Islands. The second core business line is its UCITS and AIFMD management company and platform based in Dublin and Luxembourg. The interest in the platform has accelerated this year to the point where the management company has secured more than 60 fund mandates with close to 40 launched.  »

Luis Pedro

Rebuilding Swiss investor confidence in hedge funds

Thu, 24/03/2016 - 10:31

Oligo Swiss Fund Services received its license from the Swiss authorities 13 months ago to provide Swiss legal representative services and has already onboarded more than 200 funds registered for distribution to Swiss qualified investors. These include offshore hedge funds, UCITS-compliant hedge funds and private equity funds.  »

Roman Pelka

CISA proves successful within 12 months

Thu, 24/03/2016 - 10:22

It is now one year in to the Swiss Collective Investment Scheme Act (CISA) and overall impressions appear to be that it has been a success. One particular aspect of CISA, namely the requirement for alternative fund managers marketing their funds in Switzerland to "unregulated qualified investors" (eg pension funds, family offices) to appoint a Swiss Fund Representative and Paying Agent, has proven to be no more than a mild shower in a teacup.  »

James Williams

Regulations improve Swiss investor confidence in hedge funds

Thu, 24/03/2016 - 09:25

There was a degree of trepidation among foreign hedge funds when Switzerland formerly introduced a revised version of the Collective Investment Scheme Act (CISA) on 1 March 2015, bringing hedge funds under the watch of FINMA, Switzerland's financial regulator, for the first time.  »

Central Bank of UAE and Abu Dhabi Global Market sign MoU to enhance banking supervision

Central Bank of UAE and Abu Dhabi Global Market sign MoU to enhance banking supervision

Mon, 08/02/2016 - 09:24

The Central Bank of the UAE and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) have signed a Memorandum of Understanding to formalise a framework to enable ongoing cooperation on the supervision of banks and other financial institutions under both jurisdictions, exchange of relevant information and facilitate communication. »

International Accounting Standards Board responds to investor calls for improved disclosures

International Accounting Standards Board responds to investor calls for improved disclosures

Fri, 29/01/2016 - 16:03

The International Accounting Standards Board (the Board), responsible for IFRS Standards, has issued amendments to IAS 7 Statement of Cash Flows. »

Regulation

Regulation falling short, say financial services leaders

Thu, 28/01/2016 - 11:18

Senior executives at financial services firms are concerned that regulation in the sector is not promoting stability, according to the 2016 Global Regulatory Outlook published by Duff & Phelps. »

Mariano Giralt, BNY Mellon

Common Reporting Standard start date fast approaching

Tue, 22/12/2015 - 09:32

Mariano Giralt (pictured), head of Global Tax Services, BNY Mellon, comments on the introduction of the Common Reporting Standard (CRS)… »

Nuck Parkes, DMS Offshore

Growth in FATCA and AIFMD compliance

Wed, 09/12/2015 - 10:10

DMS Offshore Investment Services (‘DMS') Limited was established in the Cayman Islands by Don Seymour in 2000. Over the past 15 years it has grown into one of the industry's leading fund governance firms with over 200 people. »

Micahel Medvinsky, Nedelma Inc

Improving regulatory reporting efficiency

Wed, 09/12/2015 - 10:06

The Portfolio Amalfi™ platform by Nedelma Inc. offers multi-asset, multi-language and multi-currency dynamic reporting and data visualisation and analysis capabilities to the asset management industry. The platform also offers data aggregation tools as well as portfolio management solutions and a calculation engine.  »

Derek Adler, Ifina

The gateway of choice for emerging investment managers

Wed, 09/12/2015 - 09:31

The emergence of complex rules and regulations such as AIFMD and FATCA means that any new manager with visions of running their own hedge fund business must think carefully about the best route to market.  »

EDHEC Risk raises concerns on regulation of financial benchmarks

Fri, 27/11/2015 - 12:23

EDHEC Risk has issued a statement that it “regrets that the future text on European regulation of benchmarks organises opacity in the index provision market”.  »

EC declares Bermuda’s commercial reinsurance regime as fully equivalent to Solvency II

EC declares Bermuda’s commercial reinsurance regime as fully equivalent to Solvency II

Fri, 27/11/2015 - 09:19

The European Commission’s (EC) Delegated Act has recognised Bermuda’s prudential framework for (re)insurance and group supervision as being fully equivalent to the regulatory standards required by the Solvency II Directive. »

CFTC unanimously approves proposed rule on automated trading

CFTC unanimously approves proposed rule on automated trading

Wed, 25/11/2015 - 09:14

The US Commodity Futures Trading Commission (Commission) has unanimously approved proposed rules that mark a comprehensive regulatory response to the evolution of automated trading on US designated contract markets (DCMs). »

Valentijn van Nieuwenhuijzen

Regulatory changes ‘driving demand for multi-asset investing’, say institutional investors

Mon, 23/11/2015 - 11:08

More than half (53 per cent) of institutional investors believe that the widespread regulatory changes that have impacted the asset management industry in recent years will drive increased demand for multi-asset strategies, according to research commissioned by NN Investment Partners.  »

Sarj Panesar

Managed Account Platforms offer Solvency II relief

Thu, 12/11/2015 - 17:14

Solvency II regulation, which is aimed at European insurance providers to improve transparency on the cost of capital related to their underlying assets – think of it as Basel III for insurers – is set to make managed accounts an even more popular vehicle moving forward.  »

New SAS stress test technology preps banks for regulatory ‘exams’ and ‘pop quizzes’

New SAS stress test technology preps banks for regulatory ‘exams’ and ‘pop quizzes’

Thu, 29/10/2015 - 04:13

Financial institutions must balance the rigours of prepping for ‘major exams – such as the scheduled stress tests overseen by the US Federal Reserve, European Banking Authority and Bank of England – with readiness for a ‘pop quiz – meaning any ad-hoc risk scenario regulators, the market or executive management may raise.  »

James Williams, Hedgeweek

Will regulation help or hinder derivatives risk management?

Thu, 15/10/2015 - 12:03

Managing derivatives risk in the portfolio is a demanding task at the best of times. But as global regulators make inroads to drive transparency in OTC markets, managers find themselves having to file detailed risk positions under CFTC regulations in the US, EMIR reporting in Europe, not to mention the unnecessarily dense Annex IV report under AIFMD.  »

Kristin Castellanos, Deutsche Bank

ODD comes under the microscope

Thu, 15/10/2015 - 11:55

Operational Due Diligence (ODD) has become increasingly important across the alternative investment industry and more resources and attention are being placed on this function. This was one of the main findings from a session on ODD at the recent Global Alternative Investment Management (GAIM) Ops Conference in the Cayman Islands. »

Charles Schwab Investment Management changes MMF line-up

Charles Schwab Investment Management changes MMF line-up

Mon, 12/10/2015 - 10:10

Charles Schwab Investment Management is making changes to its money market fund line-up to address new SEC regulations. »

Beverly Chandler

The NCI declares increased regulation risks stifling innovation in fund management

Mon, 12/10/2015 - 08:53

The independent think tank, The New City Initiative (NCI), created to offer an independent, expert voice in the debate over the future of financial regulation, has published a paper on some of the regulatory issues expected to confront the asset management industry over the coming years and calls for changes to be made to better structure this regulation.  »

Irish Funds welcomes CBI's new UCITS regulations

Irish Funds welcomes CBI's new UCITS regulations

Wed, 07/10/2015 - 09:45

Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has today welcomed the publication of new Regulations for Undertakings for Collective Investment in Transferable Securities (UCITS) by the Central Bank of Ireland (CBI).
  »

features

Awards

Hedgeweek Global Awards 2016

Hedgeweek Global Awards 2016

Tue, 05/04/2016 - 10:29

Special Reports

Switzerland Hedge Fund Services 2016

Switzerland Hedge Fund Services 2016

Thu, 24/03/2016 - 10:12

AIFMD Fund Services 2016

AIFMD Fund Services 2016

Tue, 08/03/2016 - 13:00

BVI Hedge Fund Services 2016

BVI Hedge Fund Services 2016

Mon, 01/02/2016 - 22:20

Cayman Islands Hedge Fund Services 2016

Cayman Islands Hedge Fund Services 2016

Tue, 26/01/2016 - 13:38

Prime Brokerage 2015

Prime Brokerage 2015

Thu, 17/12/2015 - 10:44

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