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Institutional infrastructure and regulatory compliance are biggest headaches for hedge funds

Thursday, May 31, 2012

From Komfie Manalo, Opalesque Asia:

The need for an institutional infrastructure and regulatory compliance are two of the biggest headaches for a lot of hedge funds across the globe at the moment, declared Mark Wightman, the global head of alternatives strategy for SunGard, speaking at the latest Opalesque Australia Roundtable held in Melbourne. SunGard is a Fortune 500 company which provides a range of software solutions to over 400 hedge funds globally.

The Australian Roundtable was sponsored by Eurex, SunGard and Australian Fund Monitors.

"Many of the institutional investors want a lot more in terms of risk reporting and transparency, Wightman commented. He added, "As soon as you have U.S. investors, you have to start thinking about FATCA, and beyond that you have the new AIFM rules, as well as local regional regulation from ASIC, MAS or SFC. If you are looking to raise offshore money, do you think the required institutional infrastructure exists in Australia today? From our perspective, we are noticing some of the smaller funds shutting down as the barriers to entry are getting much higher."

The issue of institutional structure in the Roundtable discussion was first brought up by Mark Burgess, Principal of ......................

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