New regulations and tax rules remain front and centre
Welcome to the autumn/fall edition of Citco Industry Spotlight in which we cover the usual topical matters facing our industry.
Despite the industry’s best efforts to get back to business by providing returns on investment, we still haven’t been able to shake off the “what happens next” scenario in the regulatory and tax space. Most recently, AIFMD and FATCA have gone live, and we highlight both in this publication.
We are seeing an increasing number of asset managers expanding their investment capabilities across multiple asset classes. This enables us to showcase the depth of our know-how, not just within the hedge fund space but also in private equity, real estate and even hybrid funds.
Other areas that clients want to know about are cyber security, in particular how Citco maintains the integrity of our clients’ data and records. Increasingly, this feeds the due diligence conducted by both managers and investors.
Our objective remains to be your asset service provider of choice. The latest surveys indicate Citco remains pre-eminent across our service offerings – both in hedge funds, where we rank second in size by assets under administration, and funds of funds, where we rank first. Furthermore, we continue to build our service capabilities in financial, tax and risk reporting, and in regulatory and tax compliance.
Strategically, we are committed to delivering both specialist expertise and state-of-the-art technology. Only by providing both can we continue to give the level of service you have come to expect of us.
19th September 2014