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04 Sep 2017

Administrator Transparency Reporting

Institutional investors require independent verification of key fund information. The Administrator Transparency Report (ATR) is a template for providing this information to allow investors to focus their conversations with asset managers. This memo details some of the key considerations for investors when using this reporting and provides an illustration of the contents of the ATR.

Memo

01 Sep 2017

Administrator Transparency Reporting Manual

Institutional investors require independent verification of key fund information. The Administrator Transparency Report (ATR) is a template for providing this information to allow investors to focus their conversations with asset managers. This manual provides and overview of the ATR reporting data structure and tiered approach.

Manual

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11 Dec 2020

ARP - DDQ for Broker Dealer Products

ARP products can be accessed through broker-dealer products as well as managed funds. This DDQ provides a list of questions that institutional investors and asset managers should ask when conducting due diligence on broker-dealer ARP products.

Template

01 Jun 2015

ATR Data Structure in Excel

Institutional investors require independent verification of key fund information. The Administrator Transparency Report (ATR) is a template for providing this information to allow investors to focus their conversations with asset managers. This ATR template can be provided to fund administrators for completion to provide this verification.

Template

01 Sep 2017

ATR Memo Administrator-Transparency-Reporting

This memo contains the key Administrator Transparency Report (ATR) contains considerations for investors and provides an illustration of ATR content.

Memo

11 Oct 2023

Brian Digney features on CAIA's Educational Alpha Podcast

Brian Digney, SBAI Research & Content Director, joins William Kelly, CEO of CAIA, to share intriguing ODD anecdotes and observations, drawing on real-life scenarios and peppered with past experiences. They delve into the significance of operational plumbing within the industry, the rise of illiquid investments, and the vital role that ODD plays in detecting trends and risks. Also, Brian explores the delicate balance between risk and reward, outlining the key factors that institutional investors consider when partnering with emerging managers.

Podcast

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06 Oct 2020

Cash Handling & Cyber Security

Cash movements in hedge funds are vulnerable to cyber-attacks. Historical controls have focused more on internal fraud but in this memo we provide practical guidance for a framework for cash controls to help mitigate the risk of cyber fraud.

Memo

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06 May 2020

Conflicts of Interest in Parallel Funds

When running parallel funds there are conflicts of interest that will arise that need to be managed and mitigated appropriately. Our Alternative Investment Standards were updated in 2015 to account for these and this memo looks at how the Standards address these issues.

Memo

02 Sep 2022

Diversity in Asset Management - Looking Beyond the Metrics

Diversity metrics are a great tool for institutional allocators to both understand and benchmark the diversity of their portfolios, but over reliance on this type of measurement may mean we are losing track of what we are really trying to measure – promotion of culture diversity within the industry. In this article, we discuss how allocators can look beyond the metrics.

Article

11 Sep 2023

Due Diligence of Fund Administrators

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.

Memo