Institutional Asset Manager - Daily News http://www.institutionalassetmanager.co.uk/ en Fitch Ratings launches Ratings Navigator for non-bank institutions http://www.institutionalassetmanager.co.uk/2017/01/18/247768/fitch-ratings-launches-ratings-navigator-non-bank-institutions <p><em><strong>Fitch Ratings has launched its Ratings Navigator for Non-Bank Financial Institutions (NBFIs) - a visual overview of all the factors affecting an NBFI&#39;s standalone rating, their relative importance and likely direction of movement.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247768/fitch-ratings-launches-ratings-navigator-non-bank-institutions" target="_blank">read more</a></p> Launches & Fundraising Ratings Wed, 18 Jan 2017 15:11:30 +0000 beverlychandler 247768 at http://www.institutionalassetmanager.co.uk Capintro Partners adds to distribution team http://www.institutionalassetmanager.co.uk/2017/01/18/247757/capintro-partners-adds-distribution-team <p><em><strong>Capintro Partners, an investment advisory and placement firm, has appointed Bruce Crystal as managing director of sales.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247757/capintro-partners-adds-distribution-team" target="_blank">read more</a></p> Moves & Appointments Wed, 18 Jan 2017 13:36:55 +0000 Emily.Perryman 247757 at http://www.institutionalassetmanager.co.uk MSCI renames South East Asia Indexes as MSCI ASEAN Indexes http://www.institutionalassetmanager.co.uk/2017/01/18/247750/msci-renames-south-east-asia-indexes-msci-asean-indexes <p><em><strong>MSCI has renamed its MSCI South East Asia Indexes as the MSCI ASEAN Indexes.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247750/msci-renames-south-east-asia-indexes-msci-asean-indexes" target="_blank">read more</a></p> Indexes Wed, 18 Jan 2017 13:16:59 +0000 Emily.Perryman 247750 at http://www.institutionalassetmanager.co.uk Schroders to deploy Capriza’s Zapp http://www.institutionalassetmanager.co.uk/2017/01/16/247630/schroders-deploy-capriza%E2%80%99s-zapp <p><em><strong>Schroders is partnering with Capriza to deploy the enterprise mobility specialist&rsquo;s Zapp capabilities as it responds to the waves of change in the financial services sector.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/16/247630/schroders-deploy-capriza%E2%80%99s-zapp" target="_blank">read more</a></p> Technology and software solutions Wed, 18 Jan 2017 13:06:46 +0000 Emily.Perryman 247630 at http://www.institutionalassetmanager.co.uk Ogier strengthens investment funds team in Luxembourg http://www.institutionalassetmanager.co.uk/2017/01/18/247748/ogier-strengthens-investment-funds-team-luxembourg <p><em><strong>Ogier has strengthened its Luxembourg investment fund team with the appointment of Anne-Ga&euml;lle Delabye as a managing associate.</strong></em></p> <div class="field field-type-nodereference field-field-directory-company"> <div class="field-label">Company:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <a href="/gfmdirectory/ogier-0">Ogier</a> </div> </div> </div> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247748/ogier-strengthens-investment-funds-team-luxembourg" target="_blank">read more</a></p> Moves & Appointments Wed, 18 Jan 2017 13:05:52 +0000 Emily.Perryman 247748 at http://www.institutionalassetmanager.co.uk A ‘KURE’ for regulatory fatigue: Koger Universal Regulatory Engine http://www.institutionalassetmanager.co.uk/2017/01/18/247740/%E2%80%98kure%E2%80%99-regulatory-fatigue-koger-universal-regulatory-engine <p><em>By Ras Sipko&nbsp;(pictured),&nbsp;Koger USA &ndash; <strong>For the past four years, alternative fund managers with US investors have been coming to terms with the far-reaching effects of the Foreign Account Tax Compliance Act or FATCA. Some 60-plus countries have signed up to cooperate with the IRS in order to enforce FATCA and this year the compliance burden is set to grow yet again for international fund managers.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247740/%E2%80%98kure%E2%80%99-regulatory-fatigue-koger-universal-regulatory-engine" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 11:03:24 +0000 mkitchen 247740 at http://www.institutionalassetmanager.co.uk Spotlight – A decade of independent governance http://www.institutionalassetmanager.co.uk/2017/01/18/247739/spotlight-%E2%80%93-decade-independent-governance <p><em>Q&amp;A with Geoff Ruddick (pictured), IMS Fund Services &ndash; <strong>You mentioned in your last article that &lsquo;Governance is not a game&rsquo; &ndash; can you expand on what you meant by that statement?&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247739/spotlight-%E2%80%93-decade-independent-governance" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:55:17 +0000 mkitchen 247739 at http://www.institutionalassetmanager.co.uk Cayman LLC offers multiple applications to investment managers http://www.institutionalassetmanager.co.uk/2017/01/18/247738/cayman-llc-offers-multiple-applications-investment-managers <p><em><strong>The Cayman Limited Liability Companies Law (`LLC Law&#39;) was formerly introduced on 8 July 2016 and is expected to be used for a broad range of structuring situations.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247738/cayman-llc-offers-multiple-applications-investment-managers" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:49:28 +0000 mkitchen 247738 at http://www.institutionalassetmanager.co.uk Tax reporting under CRS to commence in 2017 http://www.institutionalassetmanager.co.uk/2017/01/18/247737/tax-reporting-under-crs-commence-2017 <p><em><strong>The US Foreign Account Tax Compliance Act reporting cycle has been running now for two years. As such there is a good level of visibility in terms of how this tax reporting exercise needs to be done and most financial institutions are clear on the definitions used.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247737/tax-reporting-under-crs-commence-2017" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:45:38 +0000 mkitchen 247737 at http://www.institutionalassetmanager.co.uk Avoiding sledgehammers to crack nuts http://www.institutionalassetmanager.co.uk/2017/01/18/247736/avoiding-sledgehammers-crack-nuts <p><em><strong>During the crisis in 2008, investors started to appreciate how important corporate governance was but it wasn&#39;t until 2013 that Cayman introduced the Statement of Guidance to provide a clear framework for best practices. This was followed by the Directors Registration and Licensing Law, 2014, which applies to all directors of Cayman registered mutual funds and requires them to be registered with or licensed by the Cayman Islands Monetary Authority.&nbsp;</strong></em></p> <div class="field field-type-nodereference field-field-directory-company"> <div class="field-label">Company:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <a href="/gfmdirectory/ogier-0">Ogier</a> </div> </div> </div> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247736/avoiding-sledgehammers-crack-nuts" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:42:12 +0000 mkitchen 247736 at http://www.institutionalassetmanager.co.uk CIMA increases fund governance enforcement powers http://www.institutionalassetmanager.co.uk/2017/01/18/247735/cima-increases-fund%C2%A0governance-enforcement-powers <p><em><strong>The Cayman Government is currently proposing legislative changes which would give CIMA additional powers to impose administrative fines on licensed and regulated individuals and entities. The Monetary Authority (Amendment) Bill 2016 seeks to amend the Monetary Authority Law and if passed will enable CIMA to impose a range of penalties from non-discretionary fines of USD5,000 for a minor breach up to USD1 million for a serious breach. CIMA would be able to impose cumulative fines of up to USD20,000 for a single minor breach.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247735/cima-increases-fund%C2%A0governance-enforcement-powers" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:35:41 +0000 James.Williams 247735 at http://www.institutionalassetmanager.co.uk People and process key to effective AML framework http://www.institutionalassetmanager.co.uk/2017/01/18/247734/people-and-process-key-effective-aml-framework <p><em><strong>As global asset management groups increasingly adopt digital platforms to connect with counterparties and investors in today&#39;s knowledge-based economy, the risks of cybersecurity threats are rising. Funds of all shapes and sizes are susceptible to fraud committed internally by employees or external criminal groups &ndash; hactivists, terrorist groups &ndash; which can have a potentially devastating impact on shareholders, oblivious to the risks. This could lead to investors losing part or all of their investment while ongoing criminal investigations and court procedures play out. As such, the Money Laundering Reporting Officer (MLRO) is becoming a vital role in the operations of investment funds.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247734/people-and-process-key-effective-aml-framework" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:25:28 +0000 mkitchen 247734 at http://www.institutionalassetmanager.co.uk Cayman finalises AIFMD‑like regime http://www.institutionalassetmanager.co.uk/2017/01/18/247733/cayman-finalises-aifmd%E2%80%91-regime <p><em><strong>In 2018, the National Private Placement Regime pathway to access European investors is scheduled to be phased out. But given that ESMA is yet to approve the next wave of jurisdictions to qualify for the AIFMD third country passport, this seems an unlikely timeframe.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247733/cayman-finalises-aifmd%E2%80%91-regime" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:20:47 +0000 mkitchen 247733 at http://www.institutionalassetmanager.co.uk Davos for alternative investment fund managers http://www.institutionalassetmanager.co.uk/2017/01/18/247732/davos-alternative-investment-fund-managers <p><em><strong>The fourth annual Cayman Alternative Investment Summit (CAIS), scheduled for 15-17 February in the Cayman Islands, will convene leading thinkers and decision makers from across the industry as they explore this year&#39;s theme: Defying Gravity: The Future of Alternative Investments in Exceptional Times.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247732/davos-alternative-investment-fund-managers" target="_blank">read more</a></p> Wed, 18 Jan 2017 10:14:22 +0000 mkitchen 247732 at http://www.institutionalassetmanager.co.uk Hedge fund redemptions show market is maturing http://www.institutionalassetmanager.co.uk/2017/01/18/247731/hedge-fund-redemptions-show-market-maturing <p><em><strong>The third quarter of 2016 saw an estimated USD28 billion of hedge fund net outflows &ndash; the highest since 2009. This brought year-to-date redemptions to USD51.5 billion. Those suffering significant outflows included high-profile stalwarts of the industry such as Brevan Howard, which saw USD3 billion in redemptions in the first six months of 2016.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247731/hedge-fund-redemptions-show-market-maturing" target="_blank">read more</a></p> Legal & Regulation Wed, 18 Jan 2017 10:09:39 +0000 mkitchen 247731 at http://www.institutionalassetmanager.co.uk Board observer rights – Is it a good idea? http://www.institutionalassetmanager.co.uk/2017/01/18/247730/board-observer-rights-%E2%80%93-it-good-idea <p><em>By Leon den Exter&nbsp;(pictured) &amp; Vumi Dube, DMS Governance &ndash; <strong>A professional director for a hedge fund might take an instinctive view that board observer rights are not desirable given the traditional view of separation of capital ownership and those responsible for fund governance. Professional directors confident in their abilities would, however, welcome the opportunity to show how seriously they take their fiduciary responsibilities and demonstrate their skills and knowledge of good governance under the scrutiny of a board observer.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247730/board-observer-rights-%E2%80%93-it-good-idea" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 10:01:22 +0000 mkitchen 247730 at http://www.institutionalassetmanager.co.uk Cayman Islands compliance and transparency http://www.institutionalassetmanager.co.uk/2017/01/18/247729/cayman-islands-compliance-and-transparency <p><em>By Chris&nbsp;Humphries,&nbsp;Stuarts&nbsp;Walker&nbsp;Hersant&nbsp;Humphries&nbsp;&ndash;&nbsp;<strong>The Cayman Islands is a transparent International Financial Centre which complies with all global standards on tax transparency and information exchange and whose financial services industry seeks to achieve the highest levels of professional conduct in order to service its core markets in a manner which is at all times: consistent with the high expectations of the Cayman Islands regulators; in accordance with the Cayman Islands laws and established best practices; and, to the extent possible, beyond reproach by its counterparts (and their respective regulators, law makers and governing bodies) in the traditional major financial&nbsp;centres&nbsp;around the world. In furtherance of this objective, the Cayman Islands has implemented various legislation, entered into inter-governmental agreements and otherwise adheres to other global standards so that it is compliant in all aspects of tax transparency and information exchange.</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247729/cayman-islands-compliance-and-transparency" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 09:54:29 +0000 mkitchen 247729 at http://www.institutionalassetmanager.co.uk The growing importance of independent boards http://www.institutionalassetmanager.co.uk/2017/01/18/247728/growing-importance-independent-boards <p><em><strong>Such is the level of scrutiny facing alternative fund managers that the general trend towards increased usage of independent directors has risen in recent times. Maree Martin (pictured), Counsel at Conyers Dill &amp; Pearman, confirms that fund boards are not only becoming comprised of majority independent directors but that a more recent trend is the use of split independent boards.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247728/growing-importance-independent-boards" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 09:42:55 +0000 mkitchen 247728 at http://www.institutionalassetmanager.co.uk Using SPCs as emerging manager platforms http://www.institutionalassetmanager.co.uk/2017/01/18/247727/using-spcs-emerging-manager-platforms <p><em><strong>Flexibility, cost-effectiveness and speed to market are just a few of the advantages to electing to launch a fund on a pre-existing Segregated Portfolio Company (SPC) fund&nbsp;platform.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247727/using-spcs-emerging-manager-platforms" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 09:37:25 +0000 mkitchen 247727 at http://www.institutionalassetmanager.co.uk Cayman LLC is flexible and cost-effective http://www.institutionalassetmanager.co.uk/2017/01/18/247726/cayman-llc-flexible-and%C2%A0cost-effective <p><em><strong>The Cayman Limited Liability Company structure has been up and running since mid-July 2016 and over that short period of time close to 200 LLCs have been registered in the jurisdiction.&nbsp;</strong></em></p> <p><a href="http://www.institutionalassetmanager.co.uk/2017/01/18/247726/cayman-llc-flexible-and%C2%A0cost-effective" target="_blank">read more</a></p> Offshore Wed, 18 Jan 2017 09:25:13 +0000 mkitchen 247726 at http://www.institutionalassetmanager.co.uk