Tue, Dec 1, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Merlin issues a twelve-point guideline to hedge fund best practice

Monday, May 24, 2010

Benedicte Gravrand, Opalesque London:

Things have changed so much in the hedge fund world since 2008; not just the performance which can be lukewarm at times, and the assets which have become a little more difficult to raise. It is also the way to conduct business that has changed and that is continuing to change.

For a start, the crisis and its subsequent liquidations, gatings and losses made regulators and hedge fund managers alike shift their attitude towards investor protection. Regulators and other official bodies came up with guidelines, proposals, legislation drafts, reform bills. The hedge fund world - including managers, administrators, and industry bodies - reorganised, especially after the Madoff scandal, to better meet investors' new more demanding requirements and regain their trust - through obligatory requirements of third party administrators for example, sets of best practice guidelines, deeper due diligence or escape into safer structures such as managed accounts or UCITS-compliant funds.

Last week was a historical week in that ongoing development of the industry. For one, the U.S. Senate approved the overhaul Wall Street reform bill, which will require, among many other things, hedge funds to register with the SEC. On the other hand, the European Parliament and EU's finance ministers voted to go ahead with the AIFM Directive, which will impose heavier requirements on alternative investment fund managers.

The two little words t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From PIonline.com: Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From Bloomberg.com: It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega