Welcome to the spring edition of Citco’s Industry Spotlight. In this issue, we bring you our perspective on the ever-evolving regulatory landscape, and, given our role as an asset service provider, we focus on meeting operational challenges as they relate to new products and regions and asset classes, such as private equity and real estate.

For a manager launching a US registered alternative mutual fund, structure is key. Opting for an open-end or closed-end fund and deciding on the trust for the fund have major implications for how it can invest, who can invest in it and how it fits with the manager’s other offerings.

Over the past several years, Hedge Funds have been taking time to re-examine their business models with the goal of reducing their cost structures. Business process re-engineering can be an effective technique to achieve this.

This year will see implementation of the most meaningful component of the US Foreign Account Tax Compliance Act, or FATCA as it is better known.