During the recent market tumult, the asset management industry has no doubt been fully focused on realigning their investment activities to navigate the conditions and protect performance.

Traditionally, alternative asset managers have been classified by distinct types: hedge fund, private equity, credit or real estate managers, each having products and structures designed to coincide with the nature of their investment activities.

The historic DNA of a hedge fund has been that out-performance through the generation of absolute alpha justifies the 2/20 fee model and for the most part, the traditional fee model prevailed. But look a little closer and it becomes clear that the industry has evolved considerably from this single dimensional moniker, and hedge fund managers are creating new products and fee structures as the competition for investors intensifies.

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.