Wed, Sep 3, 2014
A A A
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius