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New Managers October 2013

Servicer's Spot: Ifina, State Street, I.A. Englander

 

Ifina offers global start up alternative traders access to fund structures

Beverly Chandler, Opalesque London:

Derek Adler

Derek Adler brought 30 years of experience in the City of London, specifically in the derivatives markets and asset management creating portfolios of CTAs and foreign exchange traders to his business Ifina, where he is the founder member and director of business development. Ifina is a multi-jurisdictional group of companies, providing investment fund formation and administration and valuation services for investment funds, domiciled in all of the major offshore centres... The firm has assets under administration in excess of $1.8bn.

... New clients are recommended to allow Ifina to liaise directly with the appropriate law firm, the project management of the process keeps the cost down. "We'll take on board anything no matter how small down to about a million" Adler says. "But if you want to start a fund with a million we'll do it but to be fair to your investors, we advise you don't unless you think that within 12 months you have a realistic goal of $4-5m or the charges will eat into your business."

Read the full article here.

 

State Street: new funds are looking for solutions for AIFMD reporting

Beverly Chandler, Opalesque London:

Patrick Hayes

Patrick Hayes, head of hedge fund operations, Ireland, for State Street's International Fund Services (IFS), told Opalesque that ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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