Deutsche Bank today identified how hedge funds are adopting a wait-and-see approach to compliance with regulation due to the complexity of workload involved, whilst legal, compliance and regulatory matters now rank as the top contributor to their non-investment workload.
Deutsche Bank’s Hedge Fund Consulting Group’s survey of European and US hedge fund managers shows almost a quarter of US hedge fund COOs have seen an increase of up to 75% in the amount of time they dedicate to such issues.
At the same time, hedge funds are taking a wait-and-see approach to compliance with the Alternative Investment Fund Manager Directive (AIFMD), with 82% of European managers intending to delay registration until 2014.
Further highlights of the survey include:
Daniel Caplan, European Head of Global Prime Finance at Deutsche Bank, said: “The crucial role played by hedge fund COOs has been brought into sharp focus as the regulatory workload continues to mount, and this report provides a valuable insight into how this function has evolved to meet today’s increasingly complex demands.”
The survey polled 44 European and US hedge fund managers representing over $325 billion in assets under management.
Study "Hedge fund COOs rise to new regulatory hurdles"
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