US Hedge Fund Services 2015

Wed, 30/09/2015 - 11:21

A rising tide of regulation is threatening to swamp US hedge funds with significant trading, distribution and reporting issues.This Hedgeweek Special Report unravels these issues, guides managers through the solutions currently available to them, and exam

The 'US Hedge Fund Services 2015' special report comprises 10 separate articles listed below, these can be read individually or as a sequence.
James Williams, Hedgeweek

Managers need more support as regulation heats up

Wed, 30/09/2015 - 11:25

Recently, the SEC proposed several amendments to Form ADV. Generally speaking, these amendments would require registered investment advisers to disclose information regarding their separately managed accounts, including assets under management and information related to the use of derivatives and borrowings.  »

Bob Kern U.S. Bancorp

Next stage of evolution in the ’40 Act marketplace

Wed, 30/09/2015 - 11:28

Servicing approximately 113 liquid alternative funds that operate under the '40 Act banner, U.S. Bancorp Fund Services (`UBSFS') is ideally positioned to understand the complexities of administration and compliance involved in with these vehicles. USBFS opened its doors in 1969 and since that time, the firm has been servicing these funds for over 20 years; although, back in the 1990s the term "liquid alternative" didn't exist.  »

Geoff Ruddick, IMS

Independent directors and the split board saga

Wed, 20/05/2015 - 09:32

Geoff Ruddick (pictured), an independent fund director and head of funds for International Management Services, sheds some light on the topical subject of ‘Split Boards’ – engaging independent directors from different fiduciary firms. »

Jack Seibald, Concept Capital

Acquisition creates bigger landing pad for managers

Wed, 30/09/2015 - 11:35

2015 has been a big year for Concept Capital Markets, LLC. Earlier this year, the firm entered into an agreement to be acquired by Cowen Group, a leading growth investment bank and alternative investment manager with a heritage dating back to 1918.  »

Nixk Tsafos, EisnerAmper

Tax implications of trading swaps with prime brokers

Wed, 30/09/2015 - 11:38

There are some early signs that the effects of Basel 3 are changing the way that hedge funds do business with their prime brokers. In today's new reality, primes are becoming more prescriptive over how the bank's balance sheet is being utilised to support clients' trades. To mitigate the costs of trading physical securities, some managers are beginning to use more synthetic instruments.  »

James Williams, Hedgeweek

Short-term activism could wane once rates start to rise

Wed, 30/09/2015 - 11:41

The US has seen a real resurgence in activism over the last couple of years. Last year, for example, there were 247 activist campaigns; the highest number since 2008 when 284 were recorded according to FactSet data.  »

Daniel Maycock, Lawson Connor

A new way of accessing Europe’s EUR19trn market

Wed, 30/09/2015 - 11:44

When AIFMD was introduced into European law two years ago, it set a new benchmark globally for fund governance. This shut out the majority of US hedge funds from marketing to a significant number of European investors. »

Scott Price, Maitland

Taking away the AIFMD burden

Wed, 30/09/2015 - 11:48

For US-based hedge fund managers that already have a presence in Europe – and are confident they can meet the AIFMD's substance and reporting requirements – it makes sense to apply for AIFM authorisation. But what about US managers with European investors but no European presence? Or US managers with no current European investors, but the desire to expand into Europe in the future? Maitland can assist. »

Mark Weir, Maples Fund Services

How to generate regulatory alpha

Wed, 30/09/2015 - 11:53

The recent swathe of regulation has meant that managers face an incredible drain on internal resources, leading to increased headcount, increased operating costs, and distraction from core competencies. »

Mark Ruddy, Ruddy Law Office

Ruling curbs ability to prosecute insider trading

Wed, 30/09/2015 - 12:09

In December 2014, the US Court of Appeals for the Second Circuit handed down a landmark insider trading decision in United States v. Newman. This decision seemingly curbed the Government's ability to prosecute insider trading cases by increasing the Government's burden of proof.  »

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