Asset management
Few hedge funds applying for AIFMD authorisation
Funds delay on AIFMD authorisation
Bottleneck in buy-side reporting feared
Beware the bottlenecks
Aperios finds value in concentrated emerging market long/short strategy
Aperios Emerging Connectivity Master Fund: Aperios Partners Investment Management
PRA wrestles with early-warning indicators calibration
Calibration for general insurers and with-profits funds frustrates regulator's progress
CDS trades litigation possible for funds
As well as Libor proceedings, funds should pay attention to EC investigations into credit default swaps and identify trades suitable for litigation, says Sue Millar of UK law firm Stephenson Harwood
Finisterre denies Ucits rules will hamper returns
Finisterre Capital founder Paul Crean says Ucits rules do not impose significant restrictions on its new fund launched in October
Regulators demand hedge fund look-through transparency
Looking through
European insurers return to peripheral sovereign debt markets
High yields and low volatility driving comeback from core-Europe firms
Fed action need not stymie credit strategies
Presenting an outlook for 2014, Putri Pascualy of Paamco says there are more legs to alternative credit strategies
Group supervisors ‘lack teeth’ for regulating international insurance groups
Rights and responsibilities of supervisory colleges should be clarified, say insurers
Risk warning on volatility and correlations
When volatility and correlations spike together, portfolio managers should simulate realistic stresses and be prepared to deal with the additional risks, warns Investor Analytics
Fixed income specialist Coherence Capital names senior portfolio manager
Coherence Capital Partners makes senior portfolio manager appointment as Legal & General Investment Management names two to its asset allocation team in tactical asset allocation research and strategy
Insurer global capital standard unfairly constrains loss-absorbing capital instruments
Narrow definition of qualifying capital conflicts with existing regulatory regimes, experts warn
Reinsurance sidecars evolving as competition for third-party capital hots up
Sidecars mimicking ILS funds to lure investors entering collateralised reinsurance space
'No appetite to reopen Solvency II' in face of global capital standards - Balz
Omnibus II rapporteur fears additional burden of global quantitative requirements
Former Citi COO John Havens resurfaces at hedge fund Napier Park
John Havens, previously chief operating officer at Citigroup, has joined hedge fund Napier Park as a partner and non-executive chairman
Hedge fund derivatives house of the year: Deutsche Asset and Wealth Management
Deutsche Asset and Wealth Management has launched a number of new initiatives in 2013, while continuing to build its core managed account platform
Insurance risk manager of the year: Axa
Axa moved early to address lapse risk concerns – now a pressing issue for the French insurance sector – and has also been vocal on regulatory change
Hedge fund of the year: Chenavari Investment Managers
With around $1 billion deployed in capital relief trades and the same amount in direct lending, Chenavari has found a sweet spot for investors - but a danger area for regulators
Reinsurers welcome reduced collateral requirements for US business
Piecemeal reform of reinsurance laws continues to frustrate Lloyd’s market
Commission urged to curb supervisors’ leeway on volatility adjustment
Delegated acts must set stringent conditions for calculating fundamental spread, insurers say
Insurers to ramp up private equity exposure in 2014
Insurers are rethinking their investment strategies and beginning to increase their exposure to private equity. Some are even looking at it from an asset-liability management perspective.