The document discusses the various service providers that assist hedge funds like Global Credit Advisers. It outlines prime brokers that provide lending, financing, and trade clearing services. It also discusses Global Credit Advisers' specific prime brokers, fund administrator, custodian bank, legal services, accountant and auditor, and information technology provider. Each of these services plays an important role in helping hedge funds operate efficiently and successfully.
As of June 9th the qualified plan landscape shifted again, the definition of Fiduciary has expanded once more, have you confirmed ALL of the Fiduciaries on your plan? Are they independent , qualified and insured? Did the status of any of your providers change? Have you asked? Do they need to supply another disclosure? This may be the ideal time to put your plan and its providers through a detailed review we can assist in providing an TRUE independent assessment.
IAG (London) Real Estate Fund Administration 2016Alan Ross
IAG (UK) delivers specialist fund administration services for private equity, real estate, alternative assets and listed fund structures. Each client is served by a highly skilled team led by a board director. Globally IAG has assets under administration of over $16bn.
As of June 9th the qualified plan landscape shifted again, the definition of Fiduciary has expanded once more, have you confirmed ALL of the Fiduciaries on your plan? Are they independent , qualified and insured? Did the status of any of your providers change? Have you asked? Do they need to supply another disclosure? This may be the ideal time to put your plan and its providers through a detailed review we can assist in providing an TRUE independent assessment.
IAG (London) Real Estate Fund Administration 2016Alan Ross
IAG (UK) delivers specialist fund administration services for private equity, real estate, alternative assets and listed fund structures. Each client is served by a highly skilled team led by a board director. Globally IAG has assets under administration of over $16bn.
Credit Risk Certified (CRC) is the premier designation for the commercial credit risk professional. This credential distinguishes the certification holder from all others in the field. It validates your credit risk skills and establishes your exemplary achievement as a Credit Risk Certified recipient. Earning your CRC demonstrates that you recognize the industry’s best credit practices. Learn more about Credit Risk Certification from The Risk Management Association.
This presentation looks at Intermediated Securities in today's capital markets. It covers key terms, historical context, mechanics, benefit and challenges.
Attached is a presentation that Sonia Desai and I recently gave to the Estate Planning Section of the Austin Bar Association on discounts for lack of control and marketability. Feel free to contact me with any questions or if you'd like us to present this to your group.
Investing in Infrastructure: One way bet or booby trap?Nigel Brindley
As investor appetite for infrastructure assets grow, increasing risks threaten to undermine returns. Are the asset management skills available to preserve investment returns? This paper explores the evolving skill requirements required to secure returns from infrastructure as it enters a new cycle.
A short PPT that we used in creating our youtube video on Hedge funds and their clients.
Here is a link to the video: http://www.youtube.com/watch?v=miaqaAe83h4
And our Website: http://www.hedgefund-sa.co.za/
Credit Risk Certified (CRC) is the premier designation for the commercial credit risk professional. This credential distinguishes the certification holder from all others in the field. It validates your credit risk skills and establishes your exemplary achievement as a Credit Risk Certified recipient. Earning your CRC demonstrates that you recognize the industry’s best credit practices. Learn more about Credit Risk Certification from The Risk Management Association.
This presentation looks at Intermediated Securities in today's capital markets. It covers key terms, historical context, mechanics, benefit and challenges.
Attached is a presentation that Sonia Desai and I recently gave to the Estate Planning Section of the Austin Bar Association on discounts for lack of control and marketability. Feel free to contact me with any questions or if you'd like us to present this to your group.
Investing in Infrastructure: One way bet or booby trap?Nigel Brindley
As investor appetite for infrastructure assets grow, increasing risks threaten to undermine returns. Are the asset management skills available to preserve investment returns? This paper explores the evolving skill requirements required to secure returns from infrastructure as it enters a new cycle.
A short PPT that we used in creating our youtube video on Hedge funds and their clients.
Here is a link to the video: http://www.youtube.com/watch?v=miaqaAe83h4
And our Website: http://www.hedgefund-sa.co.za/
The New Hedge Fund-Prime Broker RelationshipBroadridge
The financial crisis has changed the relationship between hedge funds and prime brokers. With the default of some leading providers, funds have realized that they should diversify their prime broker relationships and require more transparency on operational processes of prime providers. However, as the funds industry regains momentum, they are looking to their prime brokers to provide services that will support business expansion. Hence, prime brokers need to adapt their offering and IT infrastructure to respond to the changing market.
KMPG BANK offers corporate and private banking services. We conceive a financial company, with a single mission: to protect and manage assets and to help compagnies with good business to fly. We made a commitment: to listen carefully to corporate, people, families and institutional investors, and to always stay by their side. We hope that KMPG Bank can be the result: a company created recently but which has to grow worldwide, with the dynamism of a young company, but built by experts, and with the strength of a mature bank - a bank used to taking a holistic approach, while focusing on the details.
Dodd-Frank Compliance and Technology Summer Meeting 2013Jeffrey C.Y. Li
Atlas Communications Technology recently co-sponsored the Dodd-Frank Compliance and Technology Summer Meeting. The presentation was an introduction to the complexities of the Dodd-Frank Wall Street Reform and Consumer Protection Act, what firms need to do to bring themselves into compliance, and the technology that can help enterprises meet the stringent demands of the act.
For more information about this conference, or to learn about our Fall meeting in September featuring one of the authors of the act, Congressman Jim Himes, please call 1-855-Dodd Frank (1-855-363-3372) for any questions, or if you wish to talk to one of our presenters today to talk about taking the next steps towards Dodd-Frank Compliance
Atlas Presentation 2013 07-09 dodd-frank summer meeting v1-0 (for online)
Linckers Services India Pvt. Ltd. (Linckers) is a leading financial services company based in India. Linckers offer Audit, Consulting, Financial Advisory, Risk Management and Tax Services to the companies and independent business owners across the nation. Linckers abide by the laws and regulations of the particular region and provide services that in accordance to the prevailing laws in that region.
Linckers has been into existence in the Indian market for almost a decade. Team - Linckers is a panel led by thousands of very strong connoisseurs from the industry. This brings in an added advantage to the services offered to the customers. Team – Linckers works in tandem with the client’s service teams and many a times, supplements so as to create business solutions that are powerful and customized to suit the requirement of the customer.
OneVue RE Services delivers specialist responsible entity (RE) services to investment managers offering managed investment schemes. RE clients range from established domestic investment managers to recognised global brands all creating product for Australian investors. Custodians can also package OneVue's RE services with their custody and unit registry services creating a one-stop shop for investment managers.
Financial institutions plays a very important role in an economy. There is a positive relationship between financial institution and economic development. Developing countries need to increase the availability of financial institution and financial services to its people.
2. Prime Brokers
J.P. Morgan Clearing
Corp.
Barclays Capital Inc.
BNP Paribas Prime
Brokerage, Inc.
Global Credit Advisers
Service Provider Categories
Fund Administrator
MUFG Fund Services
(Cayman) Limited
Custodian
JPMorgan Chase
Bank, N.A.
Legal
Seward & Kissel LLP
(U.S.)
Maples and Calder
(Cayman)
Accountant &
Auditor
KPMG LLP
Information
Technology
Richard
Fleischman &
Associates
Hedge Fund
Global Credit
Advisers
3. • A prime brokerage is a group of services that
hedge funds use to operate efficiently and successfully. These services
include lending securities, providing money for loans, trade clearing and settlement, and risk
and performance analysis.
• A prime broker acts as an intermediary by facilitating operations and transactions
between hedge funds and two major counterparties: large institutional investors and
commercial banks.
What’s a Prime Broker?
& what does it do for hedge funds?
1. Large institutional investors, such as pension funds,
have extremely large amounts of equity that hedge
funds are able to borrow in order to engage in short-
selling. This borrowing of stocks and bonds by hedge
funds is known as securities lending.
2. Commercial banks provide enough money to
hedge funds so that they are able to buy stocks
and bonds, otherwise known as margin
financing. This way, hedge funds are able to
maximize their investments.
• A prime broker also clears and settles trades for hedge funds, which makes reporting and operations
much easier because all of the trade information is in one place.
• Given their partnership with risk management service providers, prime brokers also can provide risk and
performance analysis to a hedge fund and its clients. These analyses give daily reports on the riskiness
of an investment and that company’s performance.
• Prime brokers make money by charging fees or spreads on the loans from commercial banks in return
for their facilitation of these transactions.
4. J.P. Morgan Clearing Corp.
• Offers security clearing, settlement,
order execution, and lending services to
hedge funds like Global Credit Advisers.
• Subsidiary of J.P. Morgan Securities LLC.
Global Credit Advisers’
Prime Brokers
Barclays Capital Inc.
• Offers securities brokerage and
financial advisory services to
hedge funds.
BNP Paribas Prime
Brokerage, Inc.
• Offers securities lending,
technology-based portfolio
management, financing solutions,
and clearing services to hedge
funds.
5. A fund administrator provides a multitude of backend
services to hedge funds. These include calculating management and performance fees, working
with the hedge fund’s auditor in dealing with accounting, monitoring certain financial records,
calculating the net asset value of a fund, and making sure that investors are complying with the
AML (anti-money laundering) regulations.
Fund Administrators
3 types of fund administrators
Small
• Run by 1 or 2 people with
lots of experience.
• Usually clients are startup
companies.
Medium
• A long-standing, strong,
well-established structure.
• Run by 1 or 2 principal
people with between 10-
20 years of experience.
Large
• A well-established and
thriving structure that
is most likely a
subsidiary of a larger
international bank.
• Most clients are hedge
funds.
6. MUFG Fund Services (Cayman) Limited
• Subsidiary of Mitsubishi UFJ Fund Services Holding
Limited.
• Based in the Cayman Islands.
• Contains about $100 billion in assets under
administration.
• Manages a hedge fund’s assets under
administration.
Global Credit Advisers’
Fund Administrator
7. • A custodian bank is a financial institution that holds
their customers’ assets for safekeeping to prevent against any type of theft, fraud, or loss. These
assets can include anything ranging from cash, stocks, bonds, commodities, metals, etc. Custodian
banks can hold onto these assets either electronically or physically. Due to the fact that these
custodians are responsible for hundreds of millions of dollars, they are very large and reputable
firms.
• Hedge funds use custodian banks because investors are trusting them with their assets.
Therefore, the hedge funds place these assets into a trustworthy and reputable custodian bank so
they are safe and protected.
• These banks make money by charging quarterly fees for taking these assets into custody.
Generally, the fee is based on the size and value of the holding.
Custodian Banks
& what they do for hedge funds
8. JPMorgan Chase Bank
• Provides custody and securities servicing solutions to mutual funds,
hedge funds, insurance companies, and banks.
• Contains assets valued over $15 trillion.
• Uses Direct Custody and Clearing (DCC) to provide customers with
clearing, settlement, and custody services.
Global Credit Advisers’
Custodian Bank
9. Legal services for hedge funds come in the form of specific attorneys at law
firms. Attorneys at these law firms give specific advice to hedge fund
managers on legal structure, fund formation, regulations on securities, and
onshore and offshore regulations.
Legal Service Provider
Onshore
• Used by United States individuals or
institutions.
• Must be accredited by the SEC.
• Usually structured as limited
partnerships.
Offshore
• Only open to investors that are not
subject to home country taxes.
• All assets under management are not
taxable.
• Usually structured as LLP’s.
• Appealing because they are subject to
no or little taxation.
10. Seward & Kissel LLP (U.S.)
• U.S. law firm
• Provides legal expertise in financial
services, corporate finance, and capital
markets.
• Services major commercial banks,
investment banks, and investment
funds such as mutual and hedge funds.
Global Credit Advisers’
Legal Services
Maples and Calder (Cayman)
• International law firm.
• Largest law firm in the Cayman
Islands and leader in the market in
finance and corporate funds.
• Gives advice based on international
regulatory standards and laws (AML
legislation).
• Gives onshore and offshore advice
to investment funds like mutual and
hedge funds.
11. A hedge fund accountant performs a whole multitude of services for hedge funds and its
investors. A hedge fund accountant determines the value of the funds assets, monitors the
cash flow, keeps records of transactions, measures risk and performance, creates reports for
investors, and gives advice.
A hedge fund accountant determines the value of assets by adding up the market value
(positive and negative) of the all the hedge fund’s positions. By determining this value,
accountants then can create reports for investors that give insight into the performance, risk,
and reliability of a hedge fund. In doing this, they can give fact-supported advice on which
hedge funds to invest in based on their riskiness and performance.
Accountant & Advisor
12. KPMG LLP
• 4th largest accounting firm in the U.S. by revenue.
• Services are divided into 3 sections: auditing, tax, and advisory.
• Their advisory services break down into management consulting, risk
consulting, deal advisory, and strategy planning.
Global Credit Advisers’
Accountant & Auditor
13. Like many other industries, technology is beginning to play a major and
large role in the investment fund industry. Hedge funds are beginning to
outsource, and therefore hire information technology personnel to
advise hedge fund managers about technology infrastructure,
cybersecurity concerns, and day to day technological operations.
It is important for hedge funds to be confident about the safety,
reliability, and efficiency of its day to day operations, and therefore
need IT personnel to make sure the technological aspect of operations
are running smoothly.
Information Technology
14. Richard Fleischman & Associates
Technology partner and private cloud provider for multiple types of
businesses and industries, including hedge funds.
Supports hedge funds with industry-specific advice regarding design,
implementation, and management of technology infrastructure.
Their services include network infrastructure, private financial cloud
hosting, and telecommunications in order to help hedge funds make the
most out of their investment in information technology.
Global Credit Advisers’
Information Technology Provider
