July-August 2012

Christine OrmondIn the United States, marketing to prospective investors in alternative investment funds can only be made in private communications. The use of general publicity is banned.

The costs of alternative funds could rise under new depository laws. Funds Europe asks custody banks which types of funds are likely to be affected. Edited by Nick Fitzpatrick.

Keith HaleConsolidating legacy systems into a global workstation is an ideal solution for transfer agents, but Nicholas Pratt asks if can really be acheived.

ColoursFar more than a record-keeping function, data has become an essential element on the frontier for investment analytics, says State Street's Tim Caverly.

Nick FinbergFor many chief operations officers it can feel like the Four Horsemen of the Apocalypse, vanishing revenue, regulatory burden, operational risk and operational complexity, are closing in fast. But these formidable adversaries also present opportunities, and for many back-office organisations, change and evolution is more a necessity than a choice.

LighthouseSamuel Sender, of the Edhec-Risk Institute, looks at where the burden of care for non-financial risks lies within the asset management chain.

Ching ChoIt has been argued that many obstacles remain to reaching an integrated and harmonised Asian fund passport. These include disparate levels of expertise and know-how in the region, different tax treatments, or regional competition among the partnering jurisdictions.

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