Fri, Sep 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: Trend towards administrator-provided transparency reporting to take on greater importance

Friday, January 11, 2013

amb
Phil Niles
This article was authored by Phil Niles, Canada-based Director at Butterfield Fulcrum, an independent fund administration company.

Coming out of the credit crisis, and especially following the fraudulent activity of Bernie Madoff, increased investor transparency became a major requirement, most notably for large, institutional investors. Over the last few years, this has extended from a concern of simply the largest investors to be shared by all members of the alternative investment community. To handle the matter, fund administrators began to introduce independent transparency reporting to investment managers and the investors they serve.

This trend towards administrator-provided transparency reporting looks to continue into 2013 and, potentially, take on greater importance. The alternative investment world is becoming increasingly complex as regulatory reporting and investor demands escalate further than ever before. Such reporting has the potential to materially simplify the due diligence process, attract more capital to the industry, and promote greater openness and confidence.

Broadly speaking, this initiative is geared towards independent reporting to hedge fund investors concerning a few of the major areas that are typically covered in due diligence requests. This would include a confirmation of assets and liabilities, pricing sources, counterparty exposures, and diversification information. The idea is ......................

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. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner