Asset management
Administrators respond to regulatory change
The near certainty that hedge funds will soon be subject to stricter regulation is giving fund administrators plenty of food for thought. Hedge Funds Review looks at the changes ahead.
Searching for stability
Alexander Campbell talks to Tom Wilson, chief risk officer at Allianz
Health kicks
The US pension sector is having to cope not just with the increased cost of retirement provision but also the attendant healthcare obligations many schemes are under – liabilities that must now be accounted for upfront. Andrew Sheen reports
Institutional memory
Ninety-year-old TIAA-Cref is one of the US’s oldest providers of retirement services and came into the financial crisis with experience of past crises galore. But did history help it when the crunch bit, and how will its business model learn from this…
Fund performance raises specific issues
Unlike the returns of common stocks and mutual funds, hedge fund returns are generally not normally distributed.1,i This has considerable consequences on a number of hedge fund risk measures, as presented in last month’s article, which was drawn from the…
Legal Round Table
The main issues and challenges for the legal profession on and offshore are explored in the latest legal round table.
Limited opportunities for expansion
What new services will the legal profession offer over the next 12–18 months? Will legal firms continue to diversify into other hedge fund-related activities (such as fund administration, marketing support, provision of directors) or should they focus…
See you in court?
Will there be increased litigation in the coming months/year related to the events of 2008? In general do you expect to see more litigation relating to hedge funds over the medium to longer term? What do you think will be the main issues/areas of…
Emerging markets offer promise
Where are the new or expanding markets for hedge fund legal services? Will law firms need a global presence or will they be able to offer only local or regional services to hedge fund clients in future?
Liquidity concerns drive demands
Are the redemption and liquidity requirements demanded by investors affecting hedge fund and fund of hedge fund structures and documentation?
Devil is in the detail
What are the most important legal lessons learnt from the financial crisis for hedge funds?
Investors drive structure
How do the legal needs or requirements of investors influence the setting up of hedge funds? What, if any, are the differences between different types of investors, say family offices and institutional investors?
Offshore future
Is there a future for offshore legal practices specialising in hedge funds?
Making a good match
What are the main things a hedge fund should consider when choosing a jurisdiction? What are some of the main legal decisions hedge funds need to make before they set up a fund?
Flexibility and tax dominate structure
What are the main legal considerations in choosing a structure for a hedge fund?
Pricing problems
What are the legal concerns resulting from valuing instruments? What are the main legal pitfalls and challenges concerning illiquid instruments?