Mon, Mar 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Nature of hedge fund management start-up industry is changing

Monday, March 20, 2017

amb
Joe Vittoria
Benedicte Gravrand, Opalesque Geneva for New Managers:

The CEO of a regulatory hosting platform talks to Opalesque about his industry's ups and downs, the changing nature of fund management start-ups, and how managers are reacting to Brexit.

The regulatory hosting industry had been booming for the last three years in the UK, according to Joe Vittoria, CEO at Mirabella Financial Services, a London-based regulatory hosting platform. And the reason is in the delay in gaining FCA authorisation for new firms.

Mirabella, a wholly owned Cordium subsidiary, enables firms to operate quickly under a regulatory licence by extending its own regulatory permissions to its clients. It has a regulatory compliance team and a risk management team. Cordium fulfils all other functions.

However, "this speed-to-market based boom for hosting firms is going to end fairly soon because the FCA (the UK's Financial Conduct Authority) is now approving new firms much more quickly, and the really big benefit of renting a license quickly is no longer there," he tells Opalesque.

A year ago, it would take 23 weeks to be be assigned a case officer; and that was just the start of the authorisation process. Now, case officers are assigned in two to eight weeks. All in all, "it takes around three ......................

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He