1. You are here:
  2. Homepage
  3. Resource library search
  4. Internal Governance for Asset Managers - A Roadmap
Memo
30 Nov 2022

Internal Governance for Asset Managers - A Roadmap

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.

Alternative investment managers require internal organisational arrangements and external accountability structures to govern business operations and to fulfil, amongst others, their regulatory, fiduciary, and ethical obligations to investors and other stakeholders.

These internal organisational arrangements include decision and oversight structures, systems of rules, practices, and processes, as well as reporting frameworks that enable the organisation to address key business and service issues. At the SBAI, we recognise that there is variation in the alternative investment industry arising from differences in AUM, resource levels, and operational complexity. We have therefore produced flexible guidance – suggesting a roadmap tailored for small, medium, and large managers.

This memo discusses:

  • Governance Structure
  • Business Governance
  • Risk Management
  • Compliance
  • Trading & Operations

Managers may review this guidance, adapting as necessary to allow effective implementation according to individual fund circumstance.

Internal Governance for Asset Managers - A Roadmap
Download

Related topics

Emerging Managers Governance
Return to listing

You may also be interested in

Governance.jpg
26 Jan 2024

GP-Led Secondaries: New SEC Rules Impact on Valuations and Conflicts of Interest

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.

Memo
Governance.jpg
11 Sep 2023

Third Party Messaging Apps

Recent and ongoing enforcement actions by US regulators highlight the importance of maintaining compliance with recordkeeping requirements.

Memo
Regulatory engagement.jpg
11 Sep 2023

SBAI's Initial Assessment of the SEC's Private Fund Adviser Rule

Our initial assessment of the SEC's Private Fund Adviser Rule[1] is that while there is less prohibition and more disclosure, it remains overly prescriptive. While some controversial aspects in the original proposal have been modified, the rule will bring significant changes to the regulation of Private Fund Advisers that may still fail to address the root of governance failures.

Article
C&D.jpg 1
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