Valuations in private markets have far-reaching implications, and concerns about their reliability have been growing among investors and regulators in recent years.
Discussions around trade errors, omissions, and breaches are sensitive given it is not a “zero failure” environment. In this memo, we explore the spectrum of approaches and treatment of these and highlight how investors and managers can improve dialogue for mutual success.
The SBAI expands on existing frameworks for GHG-emission accounting to develop a methodology that allows for the incorporation of derivatives and short positions. The framework outlines the case for inclusion from the perspective of measurement of GHG-emission risk exposure and sustainability outcomes (impact).
The Securities and Exchange Commission (SEC) has introduced new rules to address conflicts of interest when advisers offer investors the choice between selling or exchanging their interests in a private fund for interests in another vehicle managed by the adviser or related parties. In this piece, we explore the impacts of these new rules for investors and managers and highlight considerations for effective implementation.
The Securities and Exchange Commission (SEC) recently settled charges against Theorem Fund Services LLC (TFS), a Florida-based fund administrator. The charges revolve around TFS's failures to respond adequately to multiple red flags and clear indications of fraudulent activities associated with EIA All Weather Alpha Fund Partners and its manager.
Clone investment firm and impersonation fraud is receiving fresh attention as more sophisticated tools are being used to defraud investors, posing significant financial and reputational risk to both investors and managers.
In this memo, we focus on the importance of firm culture and how it impacts behaviours and attitudes within the workplace. In addition, we offer some practical guidance for managers and investors.
Governance arrangements for a firm will depend on firm size and complexity of strategy. This memo provides a roadmap for governance structures during the life cycle of a firm.
Many allocators are now looking to increase the diversity of their portfolios. This report explains practical steps that allocators can take to enhance their manager sourcing and selection processes and improve the levels of diversity in their external investments.
