PE Tech Report

North America

Northern Trust

What’s next for the SEC? The fund of funds rule

By Northern Trust – With Regulation Best Interest in the rearview mirror, the SEC is poised to finalise rules governing fund of fund arrangements. Following the adoption of the long-delayed final Regulation Best Interest in June, what’s next for the US Securities and Exchange Commission (SEC)? It’s likely that finalising the proposed

US Tax Act will benefit PE investors provided they plan properly

When the Trump administration ushered in the Tax Cuts and Jobs Act (the Tax Act) on 22 December 2017, US federal corporate tax rates were slashed from 35 per cent to 21 per cent. It was the biggest cut in three decades and as far as private equity managers are

ILPA launches phase two of private equity transparency initiative

Fifteen months after the Institutional Limited Partners Association (ILPA) published the first private equity industry standard template for reporting fees, expenses and carried interest to limited partners, the organisation has launched the second phase of the initiative which will focus on supporting global implementation.   This phase will leverage existing

SEC logo

The investment manager’s guide to business continuity compliance

In today’s unpredictable world, it’s more critical than ever that investment managers and advisers establish plans to keep their businesses from experiencing undue harm. Daily business operations can be impacted by a wide variety of scenarios– from the most threatening, large-scale disasters (like terrorism, natural disasters, etc.) to more common,

Mia Drennan, GLAS

GLAS expands trust services offering with US regulation

Global Loan Agency Services, the UK parent of the global GLAS companies, has now received US regulatory approval and the newly chartered GLAS Trust Company will be regulated by the State of New Hampshire. Regulation as a trust company will allow GLAS to conduct its activities through its headquarters in

Richard Ortoli, OR Law

OR Law launches as successor to Sanders Ortoli Vaughn-Flam Rosenstadt

Law firm Ortoli Rosenstadt (OR Law) has launched as the successor to New York City-based Sanders Ortoli Vaughn-Flam Rosenstadt. “A new name often symbolises a major organisational change, but we prefer to see this not as a change but as an evolution,” says Richard Ortoli (pictured), head of the firm’s

Todd Moyer, Confluence

RegTech to trigger asset management back office transformation in 2017

Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation. A subset of FinTech, RegTech consists of technologies proven to facilitate the delivery of regulatory re­quirements

Lending Loop launches after completing regulatory registration process

Canada's first peer-to-peer lender Lending Loop has opened its doors after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators.  The company has launched its platform to investors and small businesses across the country.   Lending Loop is a peer-to-peer platform that connects small businesses seeking

MPI’s endowment research shows highest performers in 2016

Research and analytics firm MPI has published an assessment of Ivy League endowments’ 2016 FY Performance. The firm writes that asset allocation remains the largest determining factor in endowment performance. “Commodities and Emerging Markets, each of which suffered respective losses due to continued declining oil prices or political turmoil, were a

Federal Court dismisses Yucaipa lawsuit against Black Diamond and Spectrum

Alternative investment firm Black Diamond Capital Management and alternative asset manager Spectrum Group Management have received a favourable ruling in their long running dispute with Yucaipa in connection with their investment in Allied Systems.  In a written opinion last week, Judge Sue L Robinson of the US District Court in

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