Hedge Funds Review
Waiting and watching the regulators
What impact do you expect impending regulation to have on the legal profession and hedge fund clients? Will there be permanent and significant changes? What will be the main regulatory concerns hedge funds will face in the future?
Investors show more diligence
Has the process of due diligence changed? Are investors taking this more seriously and is it having any impact on hedge funds or funds of hedge funds and their operations or structure?
Making the right choice
What are the main considerations of a hedge fund when it chooses its legal counsel? Under what circumstances should a fund consider in-house legal services?
On/offshore convergence
Do you think the regulatory requirements between jurisdictions – both on and offshore – will narrow? Will there be growing convergence between onshore and offshore documents and regulation of funds?
Regulation challenges
What are the key challenges facing the legal profession working with hedge funds over the next 12 months? What are the likely challenges to impact hedge funds and the legal profession for the short and medium term?
Pricing in volatility and global reach
Are costs going to change over the medium and long term? Is cost a factor in a hedge fund’s choice of legal firm? Is there any real cost difference between law firms with a global reach and those with only a few offices?
Sub-custody and counterparty risk in the spotlight
What are the main issues around custody of assets and how is this changing?
Increased responsibility of auditors expected in future
What are some of the issues and opportunities for the future of auditing?
Regulation adds level of complexity
What issues and challenges may new regulations pose for auditors of hedge funds and funds of hedge funds?
Madoff continues to influence industry
What lessons have been learned from Madoff? How is the approach to the audit of fund investments and funds of funds changing?
Accounting Round Table
A report looking at the quality and reputation of auditors has become an even more critical selection criterion; valuation issues thrown up by illiquid assets are set to be a permanent part of the industry; the collapse of Lehman caught many hedge funds…
Need for audit seen as essential
How important is it to have an auditor for a fund? Should all funds be audited?
Reputation and independence key to auditor selection
How important should the choice of an auditor to the fund be to an investor? What criteria should a fund use to choose an auditor?
Determining fair value comes under attack
What are the issues around valuations?
Profession struggles with varying models
What are the challenges from the accounting standards’ (IFRS versus US GAAP) different valuation models – mark to market versus mark to comparators versus mark to model and different types of assets and jurisdictions?
Two accounting standard setters dominate
The International Accounting Standards Board (IASB) is an independent standard-setting board, appointed and overseen by a geographically and professionally diverse group of trustees of the International Accounting Standards Committee (IASC) Foundation…
Lehman fallout still causing concern
How did firms deal with assets held at Lehman?
Tax concerns remain top of the agenda
What are some of the key concerns and issues about the tax structure of a fund? What advice do you give on the tax structure of a fund or fund of hedge funds?
Family Office Leadership Summit
September 2009, London
Credit fund looks set for another good year
Founded in 2000 to take advantage of the opportunities in the European markets with the introduction of the euro, Liontrust Credit Fund has seen continued growth. Simon Thorp, head of fixed income at the company, remembers the fund managers saw great…
Emerging opportunities
US-based investment managers Prince Street Capital’s flagship long/short fund has never suffered annual negative returns, even in 2008.
Enterprising investment
TTP Ventures’ chief executive David Gee believes clean technology is set to be the highest growth economy in the UK over the next 10–20 years.
Structured for success
In just six years, structured product specialist TFS has launched 750 bespoke products for clients.