Tue, Mar 26, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: GDPR and asset management

Tuesday, March 27, 2018

By: Bruno Fiastre, executive vice president Taliance

The arrival of warm weather in the Northern Hemisphere this year will bring with it another change: the General Data Protection regime will come into force. The legislation, which can impact any company with information about citizens of the European Union or offering services to residents, is sweeping in scope. Despite years of lead time, the run up to implementation has been fraught. At Davos this year, world leaders and corporate heads fretted if people would be impacted. TechCrunch neatly summed up the situation in a recent headline, asking "WTF is GDPR?"

For asset managers, the potential impacts of GDPR are manifold. Under GDPR data protection is "by design and default," meaning data protection is now something that no longer needs any sort of opt-in. The definition of personal data has been broadened and now includes pseudonymous data, like cookies or hashed email addresses. Asset managers need to understand all data in their possession pertaining to clients and what responsibilities they have under this legislation.

The law firm Matheson laid out several requirements for the asset management industry under GPDR:

  • The need to appoint a data protection officer if the company processes la......................

    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. Half of real estate investors are considering investing in opportunity zone funds (OZFs) in 2019[more]

    Laxman Pai, Opalesque Asia: A survey found that 51% of real estate investors were considering investing in opportunity zone funds (OZFs) in 2019, while a further 12% are interested in the longer term. A less widely publicized part of the 2017 Tax Cuts and Jobs Act in the US was the creation

  2. New Launches: WhiteBox duo plans to launch new event-driven distressed debt fund, UBP unveils credit long/short fund, Man GLG launches high yield fund for ex-Schroders manager Scott, Caisse de d?p?t et placement du Qu?bec launches $250m AI fund, Accel Partners raises $2.5bn across three funds[more]

    WhiteBox duo plans to launch new event-driven distressed debt fund From Bloomberg: Whitebox Advisors LLC colleagues Cindy Delano and Amit Patel have teamed up to form a hedge fund focused on event-driven and special situations that could arise as credit markets tighten. Invictus Glob

  3. Morgan Creek Digital makes strategic investment in Ikigai Asset Management[more]

    Laxman Pai, Opalesque Asia: Morgan Creek Digital Assets (MCDA) has made a major new investment in another crypto-related firm. The hedge fund is committing to a new fund launched by Ikigai Asset Management (IAM). MCDA, founded by Mark Yusko, Jason A. Williams, and Anthony Pompliano, said in a

  4. People: Head of top hedge fund association to step down, Former State Street Exec to lead Equity Trust, Affiliated Managers names Thomas Wojcik next chief financial officer, MoraBanc restructures following Goldman Sachs partnership, Franklin Templeton expands emerging markets equity team[more]

    Head of top hedge fund association to step down From The Hill: Former House lawmaker Richard Baker, who has led the Managed Funds Association (MFA) for more than a decade, announced Wednesday that he will step down at the end of the year. MFA, which represents the hedge fund industr

  5. Al Breach's hedge fund rockets to $1.4bn in assets[more]

    From Intelli News: A hedge fund founded by former Russian star strategist Al Breach has seen its assets under management rocket by 70% last year to almost $1.4bn, bne IntelliNews can reveal. Gemsstock's client assets climbed to $1.37bn by September 2018 from $830mn for the prior year, according to a