Wed, Nov 22, 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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W