Sat, Feb 6, 2016
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider