In a sign of the times and a shift in sentiment towards hedge funds, the Hedge Fund Standards Board (HFSB) has renamed itself the Standards Board for Alternative Investments (SBAI).
Hedge funds are back in favour with investors. A 3.5 per cent increase in new inflows during 2017 is forecast in the 2017 Credit Suisse hedge fund investor survey.
As flows are being redistributed out of active into passive products, hedge funds, investors and the asset management industry need to reconsider their business models and value propositions.
KKR and Pacific Alternative Asset Management Company Paamco) have entered into a strategic transaction to create a liquid alternatives investment firm, combining Paamco and KKR Prisma.
With less than a year before the markets in financial instruments directive (Mifid II) rules kick in, most asset managers are shifting research budgets away from the top nine investment banks.
Tortoise Capital Advisors, an investment manager specialising in listed energy investing, has the launched Tortoise North American Energy Infrastructure Fund.
Improving automation of processes and regulatory reporting among top priorities for asset managers. Data centralisation is also another area targeted to help improve efficiency and cut reporting errors.