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.
Italy has now included Cayman Island funds on its white list. This means Cayman funds will be free to invest in Italian securities such as bonds and securitisation instruments and receive interest payments gross of withholding tax.
Total assets managed by the top 100 alternative investment managers globally rose to $3.6tn at the end of 2015, up 3 per cent on the previous year, according to research produced by Willis Towers Watson.