Saturday, 27 December 2014
Last updated 3 days ago
Oct 6 2008 | 1:12pm ET
Investor and regulatory pressure will cause the hedge fund industry to be more transparent about its operational controls with investors, according to a new PricewaterhouseCoopers report.
"Market volatility will cause investors to ask whether they have enough knowledge and comfort over the operational risks and controls at the hedge fund manager complex responsible for their investment,” said Graham Phillips, European hedge fund practice leader at PricewaterhouseCoopers.
“This does not mean that the hedge fund manager has to make public the intricacies of the fund’s investment strategies, but it does mean that the operational control environment must be sufficiently robust to withstand proper scrutiny.”
Robert Mellor, U.K. financial services tax leader at PwC, added that recent regulation, U.S. congressional enquiries and pressure to adopt governance standards, have all increasingly challenged investors to consider and understand the tax issues associated with their underlying investment.
“Funds in many territories are voluntarily adapting to the standards of FIN48, one of the most significant developments on the tax scene,” he said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.