These are exciting times for the financial technology sector. In the last few years, market complexity has grown in response to increased regulatory demands, increased investor due diligence requirements, more complex fund strategies and even how hedge funds manage their balance sheets with their prime brokers.
DMS Offshore Investment Services (‘DMS') Limited was established in the Cayman Islands by Don Seymour in 2000. Over the past 15 years it has grown into one of the industry's leading fund governance firms with over 200 people.
The Portfolio Amalfi™ platform by Nedelma Inc. offers multi-asset, multi-language and multi-currency dynamic reporting and data visualisation and analysis capabilities to the asset management industry. The platform also offers data aggregation tools as well as portfolio management solutions and a calculation engine.
By Ilario Scasascia (pictured), Harcourt – A well-diversified portfolio should include investments that offer alternative sources of returns, which can be found outside the world of conventional, long-only, bond and equity strategies. Sophisticated investors know this and understand, that when it comes to investing in non-traditional assets, hedge funds represent an important building block.
Over the last few years the FTSE 100 has gained 26 per cent, while the S&P 500 Index has gained approximately 65 per cent. The impact of quantitative easing has led to unparalleled growth in equity markets, to such an extent that hedge funds have largely lagged behind. This "raw" underperformance, in risk-adjusted terms, has led investors to question why they are invested in hedge funds.
In this exclusive excerpt from Preqin's forthcoming 2016 Global Hedge Fund Report, due out in January, we take a closer look at how the hedge fund industry has changed over the course of 2015.
Welcome to the inaugural edition of the Hedgeweek end of year editorial report: Reflections on 2015. We are excited to bring to you, our readers, what we hope will be the first of many such annual reports. In this first edition you will find a wide selection of some of the most important articles that Hedgeweek has put together throughout the year, which best serve to illustrate key developments shaping the global hedge fund industry; all neatly packaged and presented. Xmas has indeed come early!
In December 2014, the US Court of Appeals for the Second Circuit handed down a landmark insider trading decision in United States v. Newman. This decision seemingly curbed the Government's ability to prosecute insider trading cases by increasing the Government's burden of proof.
The recent swathe of regulation has meant that managers face an incredible drain on internal resources, leading to increased headcount, increased operating costs, and distraction from core competencies.
For US-based hedge fund managers that already have a presence in Europe – and are confident they can meet the AIFMD's substance and reporting requirements – it makes sense to apply for AIFM authorisation. But what about US managers with European investors but no European presence? Or US managers with no current European investors, but the desire to expand into Europe in the future? Maitland can assist.