Current News
Jumbo Hedge Fund Directors Criticised
QuickTrain - Online Training This Month
Cayman Court rules against in kind distribution of fund assets
SEC reforms ‘will kill’ money market funds
Regulatory focus on hedge funds continues
News Archive
February, 2012
Hedge funds drown in high water marks
24th February 2012...Swiss bank Credit Suisse recently said that more than two thirds of hedge funds are below their high water marks. This means most of them are not getting their 20% fee on performance.
Hedge Fund Regulation: Singapore to Catch Up With Hong Kong
21st February 2012...Hong Kong and Singapore, have traditionally taken different approaches to the further regulation of hedge fund managers. In the Special Administrative Region, since the global financial crisis the licensing regime has remained unchanged while in the ‘Lion City’ the regulatory regime is undergoing fundamental reform.
Hedge fund titans betting €9bn on Ireland’s recovery
17th February 2012...The €2bn bet on Irish debt led by US investment boss Michael Hasenstab begs the question: who else is taking punts on Ireland? Some of the biggest hedge fund names in the world, as it turns out.
Irish Funds Industry Welcomes FATCA Proposed Regulations
16th February 2012...The Irish Funds Industry Association (IFIA) has welcomed the news that European fund managers stand to save up to a reported $1 billion in costs associated with reporting obligations under FACTA. The news comes after the Department of Treasury and Internal Revenue Service issued anticipated proposed regulations providing guidance for foreign financial institutions, non-financial foreign entities, and US withholding agents to implement various provisions under FATCA last week.
Dodd-Frank Act in One Graph
9th February 2012...We read Dodd-Frank so you don't have to. Big portions of the financial reform law are set to go into effect this year. Intended to make corporate practices transparent, the law itself is anything but. The government has yet to spell out the details of most of the 400 new regulations it imposes. A non-headache-inducing guide.
Private equity firm TPG to buy GlobeOp for $800 million
2nd February 2012...U.S. buyout firm TPG Capital agreed a 508 million pounds ($802 million) takeover of hedge fund administrator GlobeOp as the first step in building a presence in the business of servicing the $2 trillion hedge fund industry.
Significant hedge fund redemptions – will your funds be ready?
1st February 2012...Over the past several weeks there has been much speculation that a significant number of hedge fund investors will withdraw their capital from under performing funds.
January, 2012
Hedge Funds and Dodd-Frank Reform
27th January 2012...Some of the specific changes that will apply to or affect hedge funds and hedge fund advisers as a result of Dodd-Frank and its implementation through the related agencies’ rulemaking programs, once such rules become final and effective, include:
Hedge Fund Non-Executive Director Training
23rd January 2012...The role of fund directors is increasingly under the spotlight. In response, Quickstep Consulting is providing one-to-one Hedge Fund Non-Executive Director Consultations. This bespoke offering will enable non-executive directors and would-be directors the opportunity to assess the risk involved in a given fund from a director perspective.
Weavering case concentrates minds on fund governance
19th January 2012...Corporate governance has been at the centre of discussions worldwide about the future of alternative fund management and regulation, and nowhere more than in the Cayman Islands. Over the past few months the jurisdiction has attracted global attention as a result of a notorious case involving grossly negligent conduct by fund directors and media reports suggesting that some individuals based in the islands hold far more directorships than they can reasonably hope to exercise effectively.
