Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
03/02/2010
Sigma launches new investment consultancy
Sigma Partnership, the hedge fund advisory business, is branching into investment consultancy, as increasing numbers of institutional allocators look for better due diligence on their investments.
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.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
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