Multistrategy firms could grow as hedge funds face challenges | Commentary: Advisers must be alert to operational risks | Hedge funds flocked back to FAANGs in Q1, filings show
May 20, 2019
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Multistrategy firms could grow as hedge funds face challenges
High fees and other barriers to entry for hedge funds could spur a rise in multistrategy firms where "multiple return streams can offer a competitive advantage," Tom Wrobel of Societe Generale Prime Services said. "Barriers to entry to hedge funds are only continuing to increase in terms of the amount of money to launch, regulatory approvals and ability to break even," he said.
Futures & Options World (subscription required) (5/16) 
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Commentary: Advisers must be alert to operational risks
Although investment advisers are typically attuned to risks associated with individual asset classes, they might be devoting less attention to operational risks, writes attorney Richard L. Chen. A focus on the three P's -- personnel, processes and privacy controls -- will minimize clients' risk of investment loss, asset theft or data leaks, he notes.
ThinkAdvisor (free registration) (5/17) 
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Hedge funds flocked back to FAANGs in Q1, filings show
Regulatory filings show that the shares of Facebook, Apple, Amazon, Netflix and Alphabet are back in favor with US hedge fund managers, with allocations rising during the first quarter. FAANG stocks lost their luster as last year's bull run ended, but have since recovered to outpace the market with Netflix up 33% and Facebook rising 40%.
Reuters (5/16) 
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Cryptocurrency exchanges see capital outflow as bitcoin price rises
While the price of bitcoin rose 30%, cryptocurrency-trading platforms recently saw capital outflows exceed inflows by $622 million, according to blockchain data provider TokenAnalyst.
Bloomberg (tiered subscription model) (5/15) 
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Women hedge fund leaders hit sector glass ceiling
Although women led a number of significant hedge fund launches this year, they face many more obstacles than their male counterparts, writes Lindsay Fortado.
Financial Times (subscription required) (5/15) 
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Regulation and Tax
Luxembourg, Ireland to examine letterbox entities
UK and US asset managers running a delegated model in Ireland or Luxembourg after Brexit will face regulatory scrutiny regarding whether their presence is justifiable.
Financial Times (subscription required) (5/18) 
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Irish central bank: EMIR experience relevant to SFTR oversight
The Central Bank of Ireland will draw from experience overseeing derivatives rules under the European Market Infrastructure Regulation when it begins enforcing the Securities Financing Transactions Regulation in April, says Colm Kincaid, director of securities and markets supervision.
ISF (subscription required) (5/15) 
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Brexit
May pledges "bold offer" to Parliament on Brexit
UK Prime Minister Theresa May says the Brexit proposal she will bring to Parliament in early June is a "bold offer." Cabinet minister Rory Stewart says he hopes provisions protecting workers' rights will attract support from the opposition Labour Party, but party leader Jeremy Corbyn says it will oppose the measure.
BBC (5/19),  The Sunday Times (London) (tiered subscription model) (5/19) 
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