Operational Risk

Time to think about sub-custody risk

Among the many risks fund managers are too busy to monitor is sub-custody risk.

Posted on: 20 May, 2013
Posted in: Operational Risk

GAIM Ops Cayman 2013: A Summary

Here is a summary of some of the key points discussed at GAIM Ops Cayman, which took place at the Ritz Carlton Hotel in Grand Cayman between April 21 and April 24.


Divisions about OPERA

Posted on: 25 Apr, 2013
Posted in: Operational Risk

Residency requirements for directors on Cayman-domiciled funds must be rejected

Calls for directors of Cayman-domiciled funds to have residency on the island should be rejected by CIMA as it will lead to further overcapacity at professional services firms, it has been warned.

Posted on: 13 Feb, 2013
Posted in: Operational Risk

Failure to spot fraud or red flags in Form PF could lead to litigation against institutional investors

Complete disclosure of Form PF could theoretically lead to litigation against investors if they fail to spot a red flag or fraud at an underlying hedge fund.

Posted on: 12 Feb, 2013
Posted in: Operational Risk

Individually segregated accounts at CCPs being sought by some hedge funds, says CME Group

Some hedge funds are asking for individually segregated accounts at CCPs while there is nothing to stop managers pooling together their resources into a cooperative to become clearing members, CME Group has said.

Posted on: 06 Feb, 2013
Posted in: Operational Risk

SEC and FINRA conducting checks on hedge funds' BCP and DR post-Sandy

Hedge funds have been advised to prepare for SEC and FINRA checks on their business continuity plans (BCP) and disaster recovery systems (DR) in light of Hurricane Sandy, Eze Castle Integration has warned.

Posted on: 05 Feb, 2013
Posted in: Operational Risk

Citi predicts increase in APAC managers purchasing insurance

Asia-Pacific (APAC) hedge fund managers are likely to purchase more insurance protection as the industry increasingly targets global institutional investors, according to Citi Prime Finance.

Posted on: 15 Jan, 2013
Posted in: Operational Risk

Counterparty risk concerns diminish while bearishness on eurozone grows, Aksia survey shows

Hedge fund manager concerns over counterparty risk appear to have abated despite increasingly bearish sentiment that Greece will exit the Euro while Spain and Italy will be forced into default or restructuring, a survey by Aksia has revealed.

Posted on: 10 Dec, 2012
Posted in: Operational Risk

Attention needs to be paid to custody risk, warns Odey Asset Management chairman

Hedge fund managers need to pay more attention to custody risk, the chairman of Odey Asset Management has warned.

Posted on: 10 Dec, 2012
Posted in: Operational Risk

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


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