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.
Alternative Credit managers frequently trade assets that require a degree of subjective judgement in the valuation process. Fair value processes for direct loans and robust credit valuation frameworks are therefore essential and this memo discusses these themes.
Alternative Credit strategies often hold illiquid assets. To align investor interests with the underlying portfolio and avoid liquidity mismatches in the fund, more restrictive fund liquidity terms are often required. This memo details some of the key considerations for closed-ended and open-ended credit fund structures
Co-Investments were historically popular in Private Equity and Real Estate funds but are now increasingly popular in other liquid and illiquid alternative investment strategies. This memo discussess governance and compliance processes for co-investments addressing structuring and expense allocation.