Mon, Oct 5, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2012

Servicers' Spot
Citco: Administrators can help hedge funds face today's rapid evolution

Citco: Administrators can help hedge funds face today's rapid evolution

Oliver Scully

According to Citco's latest Industry Spotlight, a new quarterly newsletter from the financial services firm, administrators can in fact "facilitate the rapid evolution" of the alternatives sector - as indeed investors and regulators are driving that rapid evolution by demanding access to more data, among other things.

So how can administrators help hedge funds? Here are some of the points listed by William Keunen, Global Director, at Citco Fund Services:

1. As investors want independently generated data, they will rely on administrators to provide transparency. The OPERA initiative, which Citco is part of, is a step towards creating reliable data that can be aggregated meaningfully.

2. As new regulatory and tax compliance requirements will be expensive, fund managers will look for creative ways to reduce or deflect costs, exploring technology and operations outsourcing opportunities, even staff ‘lift-outs'. This is where service providers come in.

3. As the hedge fund industry is gearing itself for more regulations, Citco can help managers deliver Form PF to the SEC, Form SLT, offer valuation and depositary services for compliance with the AIFMD and help to prepare for FATCA compliance. Citco has set up a dedicated Regulatory Reporting team to address the increasing demand from regulators.

4. Good corporate governance is now de rigueur. Service providers, including Citco, can help implement it.

An evolving relationship between administrators ......................

To view our full article please login

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

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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework