The Tracker follows regulatory and reporting issues particularly Annex IV developments.
Many managers surveyed by IFI Global, especially boutiques, see AIFMD as a key part of a general unwelcome trend to regulation that is fundamentally changing their businesses. One manager surveyed who uses a lot derivative instruments said that his firm has to follow approximately one million pages of rules, some of which are overlapping. He added that his firm can be required to report certain trades 11 different times..
The overall regulatory Tsunami will prevent start-ups from being launched. For start-ups ‘$1 bn is the new $100 million,’ said hedge fund manager surveyed with a $1.5 bn AUM. The consensus is that a London base hedge fund manager needs a minimum of $250 million in AUM to get to break even in even the simplest strategies.
The Tracker will monitor how AIFMD regulations are being interpreted and applied by different countries, especially with regard to distribution. It will, in particular, follow reporting issues closely. Regulatory reporting templates are still to be finalised, despite reporting requirements due to take effect by January 2015.
Regulatory reporting under AIFMD is a matter of considerable concern to many in the industry. The Tracker will follow this in detail over the coming months.
Harmonic Fund Services
Jason Bechard – Senior Fund Accountant
T: +353 1 440 7362
jason.bechard@harmonic.ky
www.harmonicfundservices.com
IQ-EQ
Know how Know you
Sherizia Razzaque, Group Marketing Lead, Segments,
T: +230 213 8917
Sherizia.Razzaque@iqeq.com
Justin Partington, Group Head of Funds,
T: +352 466111 3852
justin.partington@iqeq.com
https://iqeq.com
JTC Fund Services
Kobus Cronje, Managing Director – Guernsey
T: +44 1481 704 745
Kobus.Cronje@jtcgroup.com
www.jtcgroup.com
Prescient Fund Services
Irish regulated, independent Fund Administration
Hayden Reinders, Head of Business Development and Client Management
T: +27 21 700 5363
hayden.reinders@prescient.co.za
www.prescient.co.za
C3 Post Trade Limited
Your Single Window to Operational Efficiency
Luke Spencer-Wilson, Head of Relationship Management
T: 07887 647769
lsw@c3posttrade.com
www.c3posttrade.com
FM Consult
Fleming McGillivray & Co. Compliance Solutions
Dallas J. McGillivray, Managing Director
T: +44 (0)20 7220 9073
dmgillivray@fmconsult.co.uk
www.fmconsult.co.uk
Fuchs Asset Management
Timothe Fuchs, CEO
T: +352 26 26 49 39
timothe.fuchs@fuchsgroup.com
www.fuchsgroup.com
IQ-EQ
Know how Know you
Sherizia Razzaque, Group Marketing Lead, Segments,
T: +230 213 8917
Sherizia.Razzaque@iqeq.com
Justin Partington, Group Head of Funds,
T: +352 466111 3852
justin.partington@iqeq.com
https://iqeq.com
JTC Global AIFM Solutions S.A
Louis Lamotte, Managing Director, JTC Global AIFM Solutions S.A
T: +352 27 17 28 43
Louis.Lamotte@jtcgroup.com
www.jtcgroup.com
ONE
Steve Bernat, Founding Partner
T: +352 661 787 803
steve.bernat@one-gs.com
www.one-gs.com/
Prescient Fund Services
UCITS and AIFMD ManCo and Platform Services
Hayden Reinders, Head of Business Development and Client Management
T: +27 21 700 5363
hayden.reinders@prescient.co.za
www.prescient.co.za
MJ Hudson Quantitative Solutions
Risk reporting
Max Hilton, Managing Director
T: +44 (0)1481 231815
info@clarusrisk.com
www.clarusrisk.com
RiskSystem
Risk Management Solutions
Simon O'Sullivan,
T: +353 1 551 4471
simon.osullivan@risksystem.com
www.risksystem.com