Regulatory changes currently sweeping across Europe are creating a wave of opportunity for the European tax-transparent cross-border pooling industry. Northern Trust’s Aaron Overy, head of business development for cross-border pooling, explores the key drivers shaping the European cross-border pooling industry including UCITS, Solvency II, US regulations and more.
Luxembourg is emerging as a key gateway for hedge fund managers as rapidly evolving investor demands and legislative changes are creating a fundamental shift in their business models. Northern Trust’s Ian Headon, product manager for hedge funds in EMEA, explores the jurisdiction’s growing opportunities for hedge fund managers.
Amidst increasing demand for enhanced transparency around currency management, a new Northern Trust white paper examines the impact of currency on performance. Highly topical at a time when currency is increasingly treated as a separate asset class allocation, the paper includes insights on the impact of currency movements on an investment portfolio and common currency strategies.
The European investment management industry is undergoing unprecedented change. The financial crisis and an evolving regulatory environment have reinforced cost pressures that have been building in recent years, creating an urgent need to achieve scale and efficiencies through a focus on core competencies. Already, a wave of consolidation has begun that is set to continue at pace, while asset managers embrace new ways to reengineer their business amid changing investor needs. The industry is likely to look very different within five years.
Keith Ambachtsheer has been recognised for his leadership in the pension industry, receiving the CFA Institute’s award for professional excellence, and in doing so joins an elite group of investment professionals. (more…)
After deciding at the last investment committee meeting to employ a new way of evaluating portfolio risk which overlays risk across asset classes, rather than replacing asset classes with risk categories, CalSTRS now just has to work out how to do it. Amanda White spoke with chief investment officer Chris Ailman about the fund’s journey to conquer risk.
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