Our initial assessment of the SEC's Private Fund Adviser Rule[1] is that while there is less prohibition and more disclosure, it remains overly prescriptive. While some controversial aspects in the original proposal have been modified, the rules will bring significant changes to the regulation of Private Fund Advisers that may still fail to address the root of governance failures.
Thomas Deinet, SBAI Executive Director, joins William Kelly, CEO of CAIA, to discuss the fascinating journey of the SBAI and its mission to establish industry-wide standards. He also explores the pressure faced by the hedge fund industry during the financial crisis and the importance of transparency and collaboration in improving industry practices.
The failure of Silicon Valley Bank (SVB) is a stark reminder that banks are vulnerable and such events can easily spread and affect other banks. This article reminds institutional investors and investment managers how the risk practices set out in the Alternative Investment Standards can help address deposit/counterparty risk.
In the first of our Founder series podcasts, one of our newest Trustees Paula Volent (CIO of Rockefeller University) is joined by our Deputy Chair Luke Ellis (CEO of Man Group – one of the founders of the SBAI) to look back at how it all started and how the industry is evolving. They discuss the SBAI, where to find alpha, diversity and more.
Russian sanctions and market volatility mean it is important for managers to maintain high standards and for allocators to ask the right questions. In this thought piece we demonstrate how the SBAI Alternative Investment Standards can help.
