Thursday, 24 July 2014
Last updated 1 hour ago
May 24 2012 | 3:22am ET
There aren't many hedge funds that aren't spending more on compliance today than four years ago, according to a new survey.
Just two in 100 hedge funds have not hired additional staff to deal with regulatory compliance since 2008, KPMG and the Alternative Investment Management Association, while a whopping 98% have done so. And with regulators and institutional investors demanding more of the industry, it's not the only area that hedge funds have worked to improve.
Some 84% of hedge funds say they've improved transparency for investors. Nine in 10 have seen an increased demand for due diligence—and for two-thirds of hedge funds, it's paid off with new pension fund investments.
"Institutionalization has been described as the continuing inflow of new institutional capital into the industry," AIMA CEO Andrew Baker said. "But as this report demonstrates, it is also about the increasing sophistication of operational infrastructure with respect to transparency, compliance and due diligence."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…