Welcome to Citco’s Spring edition of Spotlight. This issue coincides with a sustained period of tumult in the capital markets, and at times like these both managers and investors need to understand their financial exposure by relying more than ever on data transparency.

Changing regulations and tax legislation are giving Chief Financial Officers and General Counsels a virtually impossible task. The private equity (PE) and real estate (RE) funds they oversee typically have large numbers of underlying special purpose vehicles (SPVs). Keeping track of shifting rules and laws is in danger of overwhelming the resources of some in-house teams.

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.