Current UK Legal and Regulatory Issues for US Fund Managers

From Claire Cummings, of Cummings Law     Introduction The two major topics for US managers wishing to manage or market funds in the UK from a legal and regulatory perspective are currently MiFID II and the AIFMD. Although the rules of both Directives generally apply to EU managers based in the EU, they are likely […] Read more »

FCA Asset Management Market Study – All-in fees, cost disclosures, and service quality

Fees 2 658 x 483

By Nathalie Neumayer and Paul Carrigg of KB Associates   Introduction   In November 2015, the Financial Conduct Authority (“FCA”) launched its asset management market study. In November 2016, the FCA published an interim report which provided industry participants with an opportunity to comment on proposals which it made. On 28 June 2017, the FCA published […] Read more »

Endowments Reevaluating Hedge Funds NEPC Survey Finds

money tag galaxy with teal background 654 x 638

NEPC, LLC, one of the industry’s largest independent, full-service investment consulting firms to endowments and foundations, recently published the results of its Q2 2016 NEPC Endowment and Foundation Poll, a measure of endowment and foundation confidence and sentiment related to the economy, investing and market performance. The Q2 Poll included a special focus on how […] Read more »

Hedge Funds: Mutually Inclusive, says Neuberger Berman

By Fred Ingham, head of international hedge fund investments, Neuberger Berman   A quiet revolution is happening in hedge funds. Investors continue to allocate to the asset class, but the way they are allocating is changing, while its investor base is growing broader and becoming more inclusive. With both bond and equity markets facing major […] Read more »

A Case for Liquid Alternatives from K2 Advisors

By David Saunders, Founding Managing Director, K2 Advisors (part of Franklin Templeton Solutions)   Some investors consider hedge funds mysterious, aggressively managed investments that may be too risky for the typical portfolio. But skeptics may be surprised to learn that the majority of hedge fund managers focus on providing capital appreciation with lower volatility than the broad […] Read more »

The Case for Liquid Alts from Credit Suisse Asset Management

From Credit Suisse Asset Management   The Appeal of Alternative Investments Hedge fund managers generally have a different focus and objective as well as access to a broader set of portfolio management tools compared to traditional fund managers, including: Focus on absolute returns Broader investment universe Ability to go short This flexibility is part of […] Read more »

Side-Pocketed Hedge Fund Assets Attract New Investors

From Lars Lindqvist, founder Cattegatt Secondaries   Cattegatt Secondaries, the London based specialist broker for private equity and illiquid hedge funds interests, reports that over the last nine months, the pricing of hedge fund side pockets continued to improve relative to previous trading periods. This can be attributed to an improved economic landscape which has […] Read more »

Should Hedge Funds Embrace an AIFMD KIID?

From Mario Mantrisi, Chief Strategy and Research Officer at KNEIP The Alternative Investment Fund Management Directive (AIFMD) is just around the corner and hedge funds have been faced with adapting to regulation that is significantly changing the way they do business.   Transparency reporting has been a particular hurdle to pass as hedge funds have […] Read more »