SEC and the accredited investors

By Michael Loo

During the Practicing Law Institute’s SEC Speaks in 2016 conference, SEC acting chairman Michael Piwowar shared his thoughts on how the SEC should remove the distinction between accredited and non-accredited investors. Accredited investors can invest in private securities not registered with financial authorities. Under SEC Rule 401 of Regulation D, some of the requirements to be an accredited investor include having an income of $200,000 or having a net worth of $1 million (excluding the primary residence). This naturally targets the alternative investment space, such as hedge funds and private equity funds. Should the distinction between accredited and non-accredited cease to exist, alternative investment managers could have a larger pool of viable investors to tap into.

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A one-stop solution for your data reconciliation needs

By Joe Souza

SS&C’s outsourced reconciliation platform utilizes our best-in-class data integration services (Evare) to feed the industry’s premier reconciliation platform (Recon) with daily exceptions and reporting, all managed by SS&C’s Outsourcing division. This combination creates the most efficient exception management solution possible.

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The flexibility of eLearning

By Adam Hall

Some professional designations have highly rigorous continuing education programs. They may have strict requirements about the type of training that qualifies, and carry out regular audits of their members to ensure requirements are being met.

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AIFMD II: What should we expect? – Part 2

By Alastair Hewitt

European policymakers have to deal with Brexit and its implications, and this naturally supersedes AIFMD II. It is believed that an AIFMD market study (due to report mid-2018) has already been put out for tender by the European Commission (EC). This would delay any AIFMD II proceedings.

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Impacts on managing private equity funds in an era of increased complexity

By Bocar Kante

The private equity fund industry has raised over $300B in committed capital every year for the last four years—and 2016 proved to be the best fundraising year since the financial crisis[1]. This may even cause Assets under Management (AuM) to double within the next five years[2] off the back of institutional inflows. As fiduciaries to institutional money, private equity is facing pressure to reform its operating model and raise standards. Continue reading

AIFMD II: What should we expect? – Part 1

By Alastair Hewitt

The European Commission will begin to review AIFMD in July, 2017. Managers want some policies eliminated, especially remuneration limits for material risk takers aimed at alternative fund managers (AIFMs). Since this is a politically sensitive subject, it is unlikely to change.

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Managing stress on your trading system

By Bryan Sibert

While your trading system may handle its current volume adequately, what about when the volume starts to increase? A slow system frustrates traders and sales people and negatively affects your bottom line.

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Newest TRACE amendment extends definition of “TRACE-Eligible Securities”

By Ken Somma

In 2001, the Securities and Exchange Commission approved the Trade Reporting and Compliance Engine (TRACE). This rule requires all member firms to report secondary market transactions in eligible over-the-counter fixed income securities to FINRA. Unlike equities, over-the-counter securities trades are private transactions between counterparties and were not previously publicly reported. This lack of reporting provided very little to no price execution transparency to the marketplace.

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Survey: Private equity firms increasingly focused on operational efficiency, governance & transparency

By Joe Patellaro

While at the 2017 SuperReturn International conference in Berlin, we surveyed approximately 100 GPs, LPs and other professionals within private equity to learn more about private equity business operations. For more details on the survey results, see our infographic below or read our press release.

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Boutique asset managers: The path to scale

By Lee Burchell

Markets and regulations are constantly evolving, expensive internal operating models impede scalability, and savvy investors recognize that growth cannot be achieved if internal costs are unsustainable. How can boutique firms meet these challenges and stay competitive?

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