Fund Administration

Managers advised to start building CCP valuations into NAV

Hedge funds trading centrally cleared swaps have been advised to start building CCP valuations into their funds’ net asset value (NAV) calculations given the proximity of mandatory OTC clearing.

Posted on: 03 Jan, 2013

Fund admins need to be more selective when onboarding hedge funds, says Towers Watson

Hedge fund administrators need to be more selective when they onboard managers, a senior executive at Towers Watson has said, speaking at a hedge fund ops conference in London.

Posted on: 06 Dec, 2012

European Commission source says AIFMD will be published in weeks and blames lobbying for delays

A source close to the European Commission has said AIFMD will be published before year-end and blamed “relentless lobbying” for the delays.

Posted on: 27 Nov, 2012

ALFI Luxembourg 2012: A Summary

Here are some of the key points from ALFI, which took place in Luxembourg between November 20 and 21.

Posted on: 22 Nov, 2012

ALFI Luxembourg: Depositaries could shun some funds of funds due to AIFMD Level 2 liability concerns

Depositaries could be forced to rethink some of their relations with funds of funds because of the strict liability requirements mandated under the AIFMD Level 2 provisions, experts have warned at ALFI Luxembourg.

Posted on: 22 Nov, 2012

ALFI Luxembourg: AIFMD Level 2 stance on cash flow monitoring alarms depositaries

AIFMD Level 2 requirements forcing depositaries to “implement” cash flow monitoring will seriously ramp up costs and could prove nigh on impossible to enact for certain strategies, experts at BNY Mellon and BNP Paribas have said at the ALFI Confer

Posted on: 21 Nov, 2012

Smaller fund admins will struggle to act as third party collateral managers, warns Citi Fund Services

Smaller, non-bank backed fund administrators will struggle to act as third party collateral managers for hedge funds, Citi Fund Services has said.

Posted on: 20 Nov, 2012

US Bancorp Fund Services acquires AIS

Milwaukee-based US Bancorp Fund Services is to acquire AIS Fund Administration as M&A activity in the fund administration space shows no sign of abating.

Posted on: 14 Nov, 2012

FATCA delays no excuse for complacency, says E&Y

Hedge funds should still ready themselves for FATCA implementation and avoid complacency despite delays to the rules, Ernst & Young (E&Y) has warned.

Posted on: 08 Nov, 2012

Leaked AIFMD text says depositaries must "implement" cash flow monitoring

The latest AIFMD Level 2 requirements will force depositaries to “implement” cash flow monitoring in a move that could dramatically ramp up costs for hedge funds and asset managers, a person with access to a leaked copy of the text has said.

Posted on: 24 Oct, 2012


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