Feature

The looming possibility of Brexit underscores the need for data clarity

Tactical regulatory firefighting has distracted banks from their long-term strategic shift to an enterprise view of data. Mark Holland, Partner at and co-Founder of business transformation consultancy Holley Holland, explains how looming issues such as the possible Brexit highlight the urgency of this task.

Posted on: 08 Sep, 2015
Posted in: Feature

Emerging Hedge Fund Managers: Survival of the Fittest

You could be forgiven for thinking the term “emerging manager” carries some Darwinian connotations in today’s market. It certainly is no easy feat to survive, let alone thrive, in an increasingly complex and often threatening environment. Complexity continues forcing costs up and creating ever higher barriers to entry. Form PF reporting obligations required under Dodd-Frank in the US, the EU Alternative Investment Fund Managers Directive (AIFMD), European Market Infrastructure Regulation (EMIR), short-selling rules, the Markets in Financial Instruments Directive II (MIFID II) and Solvency II are all increasing the workloads and operational requirements for fund managers at a time when soliciting steady capital from institutional investors is equally challenging.

Posted on: 19 Aug, 2015
Posted in: Feature

Two SEC commissioners demand a new rulebook for transfer agents

In a little noticed regulatory intervention, two commissioners at the Securities and Exchange Commission (SEC) in the United States last month overruled a staff plan to issue a concept paper on a revision of the rules governing transfer agents –

Posted on: 22 Jul, 2015
Posted in: Feature

Restoring Trust in Foreign Exchange

The global foreign exchange (FX) market is a paradox. With daily trading volume of around US$5 trillion, it’s the world’s deepest and most liquid financial market.

Posted on: 21 Jul, 2015
Posted in: Feature

Unlocking the hidden value in corporate actions

Feature
09 Jul, 2015

Maximising the value of corporate actions is one duty which fund managers and investors have found extremely difficulty to fulfil. The growing number and complexity of corporate actions, the volume of documentation that has to be mastered, and the low levels of automation, have conspired to make the default option the rational option. Now a group of former investment bankers have set up a service which might just democratize what hedge funds and proprietary trading desks have always known: there is hidden value in corporate actions for those who know what to look for, and how to seize it.

To Clear or not to Clear?

Feature
08 Jul, 2015

European pension funds enjoy a temporary exemption from the rigours of mandatory clearing of their OTC derivatives. That exemption could stretch to 2018 but a growing number reckon the costs and risks of delay now outweigh the costs and risks of clearing at a central counterparty. Why?

Safekeeping Questions

Feature
09 Jun, 2015

The £126 million fine levied by the UK Financial Conduct Authority (FCA) on BNY Mellon in April for breaches of the rules on the safekeeping of client assets was the latest in a series of similar sanctions.

Entering ‘Fortress Europe’ – here are your options

In case you’ve been living under a rock for the past couple of years, the Alternative Investment Fund Managers Directive (AIFMD) has landed. The EU-led legislation – designed to promote better standards and transparency within Europe’s alternative investment market – has essentially created a vast ‘Fortress Europe’. For the right to market their funds within Europe, managers of alternative investment firms must now become authorised under the Directive.

Posted on: 22 May, 2015
Posted in: Feature

Guy Hands urges smaller private equity managers to return to their entrepreneurial roots

Guy Hands was the star turn at the Guernsey Fund Forum in London on Thursday. Having lived on the island for seven years, the chairman and CIO of Terra Firma Capital Partners has already proved that Guernsey is not just a tax haven. In fact, Hands told his London audience that the island is not a tax haven at all: it levies an income tax at a rate of 26 per cent.

Posted on: 22 May, 2015
Posted in: Feature

Giulio di Cerbo: A eulogy

Giulio di Cerbo was Italian, but not completely. He was raised from the age of four until he turned 18 entirely in England. It endowed him generously with that sense of humour the English prize above all else in a man.

Posted on: 06 May, 2015
Posted in: Feature

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