Mini primes: Will they stay or will they go now?
Published on Feb 25, 2011,
Despite their long history, mini primes or introducing primes only truly exploded onto the scene post-2008 as many of the bulge bracket investment banks offloaded their smaller hedge fund clients in desperate bids to get shot of some of their riskier customers. By removing these smaller clients from their balance sheets to reduce their counterparty risk, these organisations provided mini primes with an opportunity and a niche in the months following the financial crisis.
Hedge fund directors: The corporate governance conundrum facing managers
Published on Feb 15, 2011,
Driven by the influx of regulation and the growing demands of institutional investors, hedge funds have made significant improvements in their operations since the crisis of 2008. Despite many managers upping their game though, there still remain areas where progress is drastically needed - none more so than corporate governance.
Interview: COO Connect speaks to Jiri Krol, AIMA's director of policy and government affairs, about the AIFMD
Published on Feb 14, 2011,
To say the European Union’s (EU) first draft of the AIFMD (Alternative Investment Fund Managers Directive) would have been damaging to the UK (and European) hedge fund industry is an understatement. It would have been disastrous. Reviewing the original proposals laid down in 2009 makes for uncomfortable reading. However, the end legislation which passed late last year was considerably less toxic than many in the industry expected. The role played by the Alternative Investment Management Association (AIMA) has been cited by many as being one of the key drivers that helped modify the original pr... read more...
IMS Group: Shifting the burden of compliance from hedge funds
Published on Feb 09, 2011,
Over the next few years, the regulatory landscape governing hedge funds will be markedly different. Compliance staff in numerous asset management firms are currently sifting through a whole raft of edicts dictating what their outfits can and cannot do. This is not a simple, straightforward task.
Prerequisites for emerging managers in the post-crisis world
Published on Feb 04, 2011,
Emerging managers are enjoying something of a renaissance among some sophisticated investors. In the immediate aftermath of the financial crisis, many institutional investors opted to put their cash into brand name, established hedge funds – vehicles they believed offered steady security of their investments in an incredibly uncertain and volatile economic environment.
Remuneration: Another attack on the hedge fund industry
Published on Jan 20, 2011,
Stifling innovation and industry in the financial heart of London appears to be a recreation of choice among some figures in the European Union (EU) at the moment.
Moving onto clearing: Hedge funds entering into unchartered territory
Published on Jan 14, 2011,
Assessing the potential impact central counterparty clearing (CCP) will have on hedge fund operations is a bit like stepping into the unknown. As things stand, the regulatory authorities in both the US and European Union (EU) are formulating the policies which look set to govern how over-the-counter (OTC) derivatives are cleared. However, both sides have yet to set the requirements in stone.
When it hits the fan: Are hedge funds prepared to deal with the AIFM?
Published on Nov 19, 2010,
The EU’s Alternative Investment Fund Managers (AIFM) directive was passed on November 11 by the European Parliament. Charles Gubert speaks to Amanda Rowland, an asset management regulatory partner at PricewaterhouseCoopers (PwC).
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