03/02/2010
Although Sigma will not offer investment advice, it’s new service – called 360° ODD – is a ‘consortium’ of third-party advisors, capable of dealing with a number of key investor concerns, including corporate governance.
Historically limiting itself to the due diligence needs of hedge fund managers, Sigma’s move is timed to take advantage of current fears about the transparency of the sector.
“We are hoping to build relations with large institutions, including funds of hedge funds (FoHF), pension funds and charitable foundations. Governance is one of the main areas where funds fail, our service will be able to examine hedge funds’ standards on an objective basis,” Matthew Crisp, a partner at Sigma, told HFMWeek.
360° ODD will be able to draw on the knowledge of a number of key lawyers and auditors, including BDO, DLA Piper, Brucher & Partners, Kaye Scholer, Norton Rose and UHY Hacker Young, as well as law firms in Ireland, the Caribbean, Bermuda and the US.
Increase text sizeWho’d be a hedge fund operational professional? In the good times they are anonymous; hidden by the shadows of over-achieving portfolio managers. In bad times they are often the last bastion between survival and destruction.
"It’s all too easy to attack ‘speculation’ because it is almost impossible to differentiate between speculation and trading in general"
With the UK trying to tame a record deficit, it would be a reckless Treasury that let tax pounds slip through its fingers. Yet this may well be the unintended consequence if current FSA proposals for bonus restrictions are applied to hedge funds.
We are all joined by an invisible economic thread; a skein that belies theories of financial decoupling. Yet, there is still room for nuance. Credit Suisse’s latest research reveals that global investors are not all opting for the same strategies. Currently, US investors have left their European and Asian peers behind, showing a high level of interest in emerging market strategies. And while equities continue to be universally popular, trading strategies top the list in Europe, while US investors are opting for market neutral, as they hope to side-step the fast-moving markets.
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