Resource listing - News

In Alternative Credit funds, there are specific conflicts of interest that can arise due to the nature of the strategy. This memo discusses these conflicts in the context of the Alternative Investment Standards and provides guidance on conflicts of interest specific to Alternative Credit.

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

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 Risk Premia (ARP) strategies are typically developed using historical simulations or back-testing. This memo discusses some of the challenges of this process and provides a framework to assess back-testing results.

ARP products can be accessed through broker-dealer products as well as managed funds. This memo discusses the key distinctions between these strategies in managed funds and broker dealer products

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.

Whilst there are some similarities between onshore China and global industry standards, there are also some legitimate differences. This presentation highlights some of the key differences between Chinese and International standards of practice

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.

Cyber Security has become an increasingly prominent focus to the industry. This memo provides an overview of existing cyber security tools, frameworks, quick wins and cyber security projects.

Firms of all sizes need to mitigate cyber risks. In this memo we provides practical cyber tools including frameworks, contractual requirements, and regulatory expectations for small and mid-size managers.

Regulators have a keen interest in cyber security controls and risk mitigation. This memo takes a look at the global regulatory landscape in 2018