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.

Continue reading

The challenges of data normalization

By Giles Smart and Justin Meagher

Today’s financial managers operate in a strict regulatory landscape that can be overwhelming and challenging. Many are struggling to stay on top of the new financial rules (e.g. AIFMD, EMIR, MiFID II, Solvency II, FATCA, and Dodd-Frank) while still effectively servicing their clients.

Continue reading

Streamlining the post-trade communications process, part 4

By Van Nguyen

In the securities industry, lack of systems integration, external connectivity, IT resources, and incompatible data formats all negatively impact post-trade communications, compliance, and reconciliation.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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?

Continue reading

The challenge of complexity: The impact of corporate actions processing, part 3

By Tongjai Lertphaisan

Do you regularly miss deadlines? Are your systems manual and error-prone? Are you looking for ways to improve your firm’s corporate action processing?

Continue reading

A successful CECL implementation begins with a holistic approach

By Lauren Smith

The Current Expected Credit Loss accounting standard (CECL) replaces the incurred loss model with a lifetime expected credit loss estimate, which will result in significant changes to financial institutions’ reserving process. Many industry experts consider CECL to be the biggest change to bank accounting ever. Is your institution prepared for the change, or do your current systems and processes fall short? A successful transition will include a holistic approach, but how will your institution get there?

Continue reading