SKCG Launches 'Start-Up Kit' For New Hedge Funds

Jun 27 2011 | 9:01am ET

Hedge fund risk management and insurance advisor SKCG Group has launched a comprehensive program for hedge funds that includes a ‘Start-Up Kit’ for emerging managers.

Based on SKCG’s analysis of the hedge fund industry’s insurance needs, the program grows in sophistication as the fund’s assets under management and number of employees increase.
 
“We created this program to give hedge fund managers a clear understanding of their options every step of the way,” said David Parker, president of SKCG’s employee benefits division. “When hedge fund managers launch their funds, they face abundant responsibilities and requirements. Our ‘Start-Up Kit’ is designed to take their risk management and insurance concerns off the table so they can concentrate on raising assets and managing their funds.”

Hedge fund start-up insurance concerns addressed by the program include purchasing property/casualty and liability insurance, workers’ compensation, medical coverage, as well other basics such as payroll administration. According to SKCG, more start-ups are also acquiring directors and officers and errors and omissions (D&O/E&O) professional liability coverage.
 
For more established hedge funds, the program addresses issues like key-person life insurance.

SKCG’s ‘Start-Up Kit’ comes as new hedge fund launches increase and the industry reports AUM of $2 trillion, a level not seen since the 2008 financial crisis.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...