Standards Board For Alternative Investments https://alpha-week.com/ en SBAI Establishes Global Regulatory Committee To Further Collaboration With Regulators Around The World https://alpha-week.com/sbai-establishes-global-regulatory-committee-further-collaboration-regulators-around-world <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Establishes Global Regulatory Committee To Further Collaboration With Regulators Around The World</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 04/06/2022 - 09:19</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span><span><span><span>The SBAI has launched a Global Regulatory Committee, designed to bring together institutional investors, asset managers and investment consultants to enhance and support the SBAI’s dialogue with regulators around the world. Chris Bowlin, Sr. Compliance Counsel, Teacher Retirement System of Texas has been appointed Chair of the Committee, and Stephen Berger, Managing Director, Citadel, has been appointed Deputy Chair.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>“I am honored to chair the SBAI’s Global Regulatory Committee, which will help the SBAI further develop its balanced perspective on regulatory topics, taking account of manager and institutional investor considerations," said Bowlin.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>The SBAI Regulatory Committee will start work immediately and help formulate the SBAI’s responses to the US SEC's recent requests for public comments on its Proposals for Private Funds, Securities Lending, as well as Short Positions and Short Activity Reporting.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Members of the Committee include:</span></span></span></span></span></span></p> <ul><li><span><span><span>Gaurav Amin, Head of Fintech &amp; Implementation, Albourne Partners</span></span></span></li> <li><span><span><span>Arthur Bengasino, Portfolio Manager, TelstraSuper</span></span></span></li> <li><span><span><span>Stephen Berger, Managing Director, Global Head of Government &amp; Regulatory Policy, Citadel; Committee Deputy Chair</span></span></span></li> <li><span><span><span>Hans Bergström, Compliance Officer, AP7</span></span></span></li> <li><span><span><span>Chris Bowlin, Sr. Compliance Counsel, Teacher Retirement System of Texas; Committee Chair</span></span></span></li> <li><span><span><span>Luana DiCandia, Director &amp; Senior Legal Counsel, Ontario Teachers’ Pension Plan</span></span></span></li> <li><span><span><span>Jason Eng, General Counsel and Chief Compliance Officer, Dymon Asia Capital</span></span></span></li> <li><span><span><span>Kimberly Hamm, Director, Global Public Policy Group, BlackRock</span></span></span></li> <li><span><span><span>David Lau, Chief Compliance Officer, Springs Capital</span></span></span></li> <li><span><span><span>Brigid Rentoul, General Counsel, Winton Group</span></span></span></li> <li><span><span><span>Merel Uittenbogaard, Senior Legal Counsel, Regulatory Team, APG Asset Management</span></span></span></li> <li><span><span><span>Karl Wachter, General Counsel, Magnetar Capital</span></span></span></li> <li><span><span><span>Glen Zwicker, Managing Director, Head of Investment Operations, Howard Hughes Medical Institute</span></span></span></li> </ul><p><span><span><span><span><span><span>Mario Therrien, Head of Investment Funds and External Management, CDPQ, and Chair of the SBAI, said: “We see regulators increasingly turn to the Standards and the SBAI’s work more broadly, as they continue to take notice of the practical solutions the SBAI provides to some of the complex issues the industry faces . We are thrilled to have the members of this Committee support our efforts.”</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Thomas Deinet, Executive Director, SBAI, said: “We look forward to working with the Committee to provide constructive input into the global regulatory process, supporting efforts to facilitate fair and efficient markets, reduce systemic risk, and help investors make well-informed investment decisions.”</span></span></span></span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/standards-board-alternative-investments" hreflang="en">Standards Board For Alternative Investments</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=9280&amp;2=bookmark" token="hT4k6S7XfcGU-MhKZYw3_RymymcmQw1wGX4oWNsVmhA"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 06 Apr 2022 08:19:39 +0000 AlphaWeek Staff 9280 at https://alpha-week.com Industry Organisations Unite To Tackle Diversity Challenges In Alternative Investment Industry https://alpha-week.com/industry-organisations-unite-tackle-diversity-challenges-alternative-investment-industry <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Industry Organisations Unite To Tackle Diversity Challenges In Alternative Investment Industry</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Mon, 02/28/2022 - 10:43</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Standards Board for Alternative Investments has created a forum of alternative investment industry organisations committed to addressing diversity in the alternatives industry. </span></span></span></p> <p><span><span><span><span><span><span><span>The forum is chaired by the SBAI and its members include 100 Women in Finance, The Alternative Investment Management Association (AIMA), The Asset Owner Charter UK, CFA Institute, The Chartered Alternative Investment Analyst Association (CAIA), The Diversity Project, The European Leveraged Finance Association (ELFA), Institutional Limited Partners Association (ILPA), Investor Leadership Network (ILN), and The Value Reporting Foundation (VRF). </span></span></span></span></span></span></span></p> <p><span><span><span><span><span><span><span>Maria Long, Research and Content Director at the SBAI and Chair of this Forum said: “We believe the case for the benefits of diversity has been made and the time has come to take practical action. We formed this forum with three aims; to avoid duplication of work, to collaborate across organisations where appropriate, and standardise guidance or templates where it makes sense. We are excited to have so many great industry organisations enthusiastically involved and look forward to working productively with this group. </span></span></span></span></span></span></span></p> <p><span><span><span><span><span><span><span>Diversity is a widely discussed topic in the alternative investment industry and, along with inclusive cultures, is required to maintain a thriving and dynamic industry. As focus increases from asset managers, allocators, and regulators alike, there is an increase in guidance being published along with due diligence questionnaires and metrics templates. SBAI and its fellow collaborators in this initiative believe that the best results can be achieved by working together globally across the industry. </span></span></span></span></span></span></span></p> <p><span><span><span><span><span><span><span>Deborah McLean, President of the CAIA Foundation and Global Head of Diversity, Equity, and Inclusion (DEI) at CAIA said: “Translating DEI concepts into concrete action requires leadership that recognises the complexity and interplay between diversity, equity, and inclusion and creates a cultural response to change and resilience to obstacles. SBAI is providing a unique forum for industry leaders to leverage influence and drive DEI change.” </span></span></span></span></span></span></span></p> <p><span><span><span><span><span><span><span>Jennifer Choi, Managing Director, Industry Affairs at ILPA said: “ILPA believes meaningful DEI progress at scale for our industry can only be achieved by moving from intention to action, establishing objectives, measuring results, and collectively applying lessons learned. We are eager to support efforts that bring like-minded organisations together to align on objectives and improve outcomes.” </span></span></span></span></span></span></span></p> <p><span><span><span><span><span><span><span>Adam Jacobs-Dean, Head of Markets, Governance, and Innovation at the Alternative Investment Management Association (AIMA) said: “We face a common challenge when it comes to making our industry more representative of the investors and communities that it ultimately serves. By sharing our resources and insights we stand the best chance of moving the dial and ensuring that everyone has a chance of success in the alternative investment industry regardless of their gender or background.” </span></span></span></span></span></span></span></p> <p><span><span><span><span><span><span><span>The SBAI has produced guidance on Principles of Culture and Diversity Strategies and Demonstrating and Assessing Diversity for Smaller Managers. These publications and a podcast, “A Conversation on Culture”, are available in the SBAI’s Culture and Diversity Toolbox.</span></span></span></span></span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/standards-board-alternative-investments" hreflang="en">Standards Board For Alternative Investments</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=9193&amp;2=bookmark" token="WpO_0XTA63Mz-6eM63JhWH-l0fOMqWPsRDWqi6DEx4A"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Mon, 28 Feb 2022 10:43:37 +0000 AlphaWeek Staff 9193 at https://alpha-week.com SBAI Publishes Crypto Operational Due Diligence Guide https://alpha-week.com/sbai-publishes-crypto-operational-due-diligence-guide <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Publishes Crypto Operational Due Diligence Guide</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Tue, 11/16/2021 - 20:00</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>The Standards Board for Alternative Investments has published a new Toolbox memo providing guidance on completing operational due diligence on crypto assets.</p> <p>Crypto assets were once the purview of retail investors, but more recently the asset class has gained attention from institutional allocators and alternative asset managers. There are dedicated crypto funds specialising in digital assets, however some more traditional hedge fund managers are now allocating to this asset class.<br /><br /> Institutional allocators conduct operational due diligence (ODD) on the underlying managers and funds that they invest in, including on elements such as counterparties, valuation, and conflicts of interest. Crypto assets operate using different infrastructure than more traditional asset classes, therefore any ODD must take account of certain risks that are more prominent within this asset class.<br /><br /> Steven D’Mello, Partner, Operational Due Diligence – Albourne Partners said: “ODD of crypto assets requires a more in-depth look into certain operational risks. The infrastructure is still in its infancy, and whilst it is becoming more institutionalised, careful attention needs to be paid. This memo from the SBAI continues its work on improving industry outcomes by providing a valuable toolkit for allocators to understand where the risks might be different from more traditional asset classes and provide guidance on the types of questions that should be asked in due diligence processes.”<br /><br /> Sebastian Bea, President of One River Digital – One River Asset Management said: “Trading crypto assets requires that responsible practices and control processes are in place the same as for any other asset class. This SBAI Toolbox memo gives guidance to asset managers on crypto specific questions that may be asked during due diligence and is also an important resource for asset managers to ensure they have robust controls in place for the risks specific to crypto assets and therefore maintaining high standards throughout the alternative investment industry.”<br /><br /> Maria Long, Research and Content Director of the SBAI said: “Our mission is to solve for better and improve industry outcomes. We believe that responsible practices, robust controls, and efficient and transparent due diligence processes are vital to these outcomes. This Toolbox memo provides guidance for asset managers on the controls that should be in place and assists  allocators with their due diligence processes.”  <br /><br /> This toolkit was produced with input from SBAI's community of both allocators and asset managers; the organisation claims some 150 asset managers representing over $2trn in AUM and over 90 institutional investors overseeing $4trn in assets as part of its ecosystem.</p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/standards-board-alternative-investments" hreflang="en">Standards Board For Alternative Investments</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=8991&amp;2=bookmark" token="XDRpID5tIj0U2e-c7xUXN-SiG9B0P3fRSOzmAyV2GRA"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Tue, 16 Nov 2021 20:00:09 +0000 AlphaWeek Staff 8991 at https://alpha-week.com SBAI Adds The Rockefeller University's Paula Volent To Board Of Trustees https://alpha-week.com/sbai-adds-rockefeller-universitys-paula-volent-board-trustees <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Adds The Rockefeller University&#039;s Paula Volent To Board Of Trustees</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 09/08/2021 - 18:07</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Standards Board for Alternative Investments (SBAI) has appointed Paula Volent, Vice President and Chief Investment Officer of The Rockefeller University, to its Board of Trustees.</span></span></span></p> <p><span><span><span>Mario Therrien, Chair of the SBAI said “We are absolutely delighted to welcome Paula to our Board. She brings a keen understanding of the challenges and opportunities in our industry and a wealth of experience and knowledge from the endowment perspective.”</span></span></span></p> <p><span><span><span>“The SBAI has a strong history of innovation, problem-solving and improving practices in the alternative investment industry.  I am thrilled to be joining the SBAI Board and look forward to being a part of this important endeavour,” said Volent.</span></span></span></p> <p><span><span><span>Luke Ellis, Deputy Chair of the SBAI, said, “Paula is a business leader of the highest calibre. Her extensive experience managing large endowments will be an asset to our Board and stakeholders. Having a board with a diversity of backgrounds and experiences makes the SBAI strong and more successful.”</span></span></span></p> <p><span><span><span>Volent is responsible for the oversight and management of Rockefeller’s $2.5bn endowment. Prior to joining Rockefeller in August 2021, Volent was the Chief Investment Officer and Senior Vice President at Bowdoin College for over two decades. Prior to Bowdoin, she began her investment career as a Senior Associate at the Yale University endowment under the leadership of David Swensen.</span></span></span></p> <p><span><span><span>The SBAI's 15-strong Board of Trustees is responsible for leading the SBAI’s initiatives and furthering its mission to improve the alternative investment industry. Current initiatives that are shaping practices in the industry include working groups on responsible investment and a multitude of initiatives focusing on Culture &amp; Diversity.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=8740&amp;2=bookmark" token="vbe2btTDSCvlIOYF1ieakKs7Hg85vW2cSblgCdCXXKs"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 08 Sep 2021 17:07:26 +0000 AlphaWeek Staff 8740 at https://alpha-week.com SBAI Publishes Responsible Investment Framework For Alternatives Managers https://alpha-week.com/sbai-publishes-responsible-investment-framework-alternatives-managers <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Publishes Responsible Investment Framework For Alternatives Managers</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Tue, 03/09/2021 - 09:33</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Standards Board for Alternative Investments has published a memo that provides a framework for alternative investment managers to navigate the complexities of developing a Responsible Investment approach. </span></span></span></p> <p><span><span><span>The memo focuses on key considerations for managers developing an RI Approach, critical questions for investors to ask during due diligence and guidance for documenting an RI Approach in an RI Policy. The memo provides analysis of the foundations and building blocks of an RI Approach. Areas of focus include Responsible Integration of RI-related risks, Responsible Asset Selection and Ownership, and Responsible Corporate and Market Citizenship. The memo also covers key foundations of an RI Approach including resource requirements, data, governance, and disclosure to investors.  </span></span></span></p> <p><span><span><span>Kai Rimpi, Director, Hedge Funds at Varma Mutual Pension Insurance Company said “The review of Responsible Investment policies during the due diligence process is now becoming more critical. Asset managers with a well-defined and thoughtful policy will give themselves an edge in the allocation process, as these policies begin to become a must-have for asset managers. This memo provides a powerful toolkit for these managers to produce a clearly defined and transparent policy.”</span></span></span></p> <p><span><span><span>Jason Mitchell, Co-Head of Responsible Investment at Man Group said “As responsible investment (RI) expands and matures, the SBAI continues to produce essential support to the alternative investor community. From guidance that covers policy development, disclosure, transparency, investment process and data, the SBAI RI Memo series provides institutional investors a blueprint for understanding its nuances and nomenclature, and ultimately implementing a well-rounded RI approach.”</span></span></span></p> <p><span><span><span>Brandon Gill New, Senior Portfolio Manager, Capital Markets at OPTrust said “Responsible investment encompasses many different issues and there is no one-size-fits-all approach. It is important to understand asset managers' responsible investment policies and understand how those policies are translated into investment decision-making and stewardship activities. We at OPTrust welcome constructive dialogue with managers on responsible investing; there is a learning curve for all involved as the industry develops and refines strategies and approaches in this critical area.”</span></span></span></p> <p><span><span><span>This memo was developed by the SBAI’s Responsible Investment Working Group, which is actively reviewing other areas of relevance, including strategy specific considerations and how investors can develop their own approach to RI in Alternatives.</span></span></span></p> <p><span><span><span>Maria Long, Content Director of the SBAI said: “The SBAI’s detailed drill down into strategy specific considerations will fill a void in providing practical guidance for the alternative investment sector. In particular, for strategies outside of the more traditional long only space.”</span></span></span></p> <p><span><span><span>SBAI’s Responsible Investment Working Group consists of over 65 industry practitioners, including Aberdeen Standard Investments, Albourne Partners, APG Asset Management, Blackstone Alternative Asset Management, BlueBay Asset Management, Bridgewater Associates, Brummer &amp; Partners, CERN Pension Fund, CQS, Employees Retirement System of Texas, Fiera Capital, HealthCor Management, HPS Investment Partners, Innocap Investment Management Inc., Magnetar Capital, Man Group, Marshall Wace, New Holland Capital, Ontario Teachers’ Pension Plan, Orchard Global Asset Management, Public Sector Pension Investment Board (PSP Investments), RockCreek Group, The State Pension Fund of Finland (VER), Unigestion, Whitebox Advisers LLC and Winton.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=7828&amp;2=bookmark" token="cUjs4-mF20U49vU1MhuDdnEG2oJ5II0sEeMwjVkjfNw"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Tue, 09 Mar 2021 09:33:56 +0000 AlphaWeek Staff 7828 at https://alpha-week.com SBAI Finds Support Amongst Major Broker-Dealers For Alternative Risk Premia DDQ https://alpha-week.com/sbai-finds-support-amongst-major-broker-dealers-alternative-risk-premia-ddq <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Finds Support Amongst Major Broker-Dealers For Alternative Risk Premia DDQ</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 12/16/2020 - 08:04</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>The Standards Board for Alternative Investments has said that major broker-dealers support the adoption of the SBAI Alternative Risk Premia DDQ for Broker-Dealer Products. The DDQ assists institutional investors and investment managers in their due diligence of broker-dealers through a standardised set of questions.</p> <p>The SBAI’s Alternative Risk Premia Working Group developed the DDQ with the aim of promoting both transparency and a way to compare consistently broker-dealer products; input was also sought from the broker-dealer community in recognition that the sell side has a role in delivering these aims.</p> <p>Matt Talbert, Director at Teacher Retirement System of Texas and a member of the Working Group said: “The SBAI Alternative Risk Premia DDQ for Broker-Dealers provides a powerful tool that will help institutional investors scrutinise broker-dealer products, enabling them to make better informed investment decisions.”</p> <p>The SBAI Alternative Risk Premia DDQ includes 70 questions covering a range of topics, including the broker-dealers’ research and development capabilities, governance, operational aspects, trading set-up, team set-up, investment process, index design and cost analysis. The firms which support the SBAI Alternative Risk Premia DDQ for Broker-Dealer Products include Barclays, BNP Paribas, CIBC, Citi, Goldman Sachs, JP Morgan, Macquarie Group, Morgan Stanley and UBS.</p> <p>Sean Flanagan, Global Co-Head of Quantitative Investment Strategies at Morgan Stanley, said: “We welcome the publication of the SBAI Alternative Risk Premia DDQ for Broker-Dealers. A wide adoption of the DDQ could help the due-diligence process become more efficient, giving investors a better platform to make comparisons between offerings at different providers and for broker-dealers to demonstrate their control environment to potential clients.”</p> <p>Michele Cancelli, Global Head of QIS Trading and Structuring at Citi, said “Investing in systematic Alternative Risk Premia products requires dedicated due diligence of the broker-dealer’s research and development, index design, strategy implementation and governance processes. This DDQ provides a detailed set of questions enabling investors to conduct a thorough assessment of a broker-dealer’s platform and simplify like-for-like comparison of products across providers.”</p> <p>Thomas Deinet, Executive Director of the SBAI, said: “The SBAI Alternative Risk Premia DDQ for Broker-Dealers is yet another example of how the SBAI supports the creation of frameworks of transparency, good governance and integrity, facilitating investor due diligence and thereby simplifying the investment process. The SBAI is delighted with the support of the DDQ by the broker-dealer community and encourages investors to use it.”</p> <p>The SBAI Alternative Risk Premia DDQ for Broker-Dealer Products is a supplement to two previously published memos on Alternative Risk Premia in July 2020. It forms part of the SBAI Toolbox, which provides guidance to institutional investors, managers and other industry participants on a broad range of topics, including addressing conflicts of interest, risk and fee transparency, cyber security, and more.</p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=7303&amp;2=bookmark" token="T_dy2wc3OYQSJPRU6jZRtzWmEjVwS1hK2tZzdZMoWaU"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 16 Dec 2020 08:04:07 +0000 AlphaWeek Staff 7303 at https://alpha-week.com Standards Board For Alternative Investments Publishes Responsible Investment Multi-Jurisdictional Review https://alpha-week.com/standards-board-alternative-investments-publishes-responsible-investment-multi-jurisdictional <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Standards Board For Alternative Investments Publishes Responsible Investment Multi-Jurisdictional Review</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Tue, 10/27/2020 - 09:26</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Standards Board for Alternative Investments (SBAI) has published a memo that provides a multi-jurisdictional review of current Regulatory Guidance on Responsible Investment. The memo, which is part of a series of SBAI publications and events on the theme of Responsible Investment, focuses on three central perspectives: Regulations for Investors, Regulation for Issuers and Regulation for Investment Managers. It highlights the spectrum of approaches taken by different regulators and takes a brief look at potential changes to the investment landscape that may be driven by this regulation.</span></span></span></p> <p><span><span><span>Brandon Gill New, Senior Portfolio Manager - Capital Markets Group at OPSEU Pension Trust said “Institutional Investors increasingly need to identify their own Responsible Investment-related risks and opportunities and engage with partners accordingly.  This memo is an important tool to clarify the local and global regulatory environment in which investment managers operate.”</span></span></span></p> <p><span><span><span>My-Linh Ngo, Head of ESG Investment at BlueBay Asset Management said “Investment managers must understand their regulatory requirements as they relate to RI. This memo is a timely and useful resource for managers in understanding the key RI regulations around the world.  However, given this is still a relatively new area for regulatory intervention, managers should ensure to apply critical thinking on the nature of any regulation and engage in sharing of thinking and practice with peers and policy makers.  It is in all of our interests to ensure we have an efficient and well-functioning market which delivers on sustainable development.”</span></span></span></p> <p><span><span><span>This memo, which was developed by the SBAI’s Responsible Investment Working Group with input from Herbert Smith Freehills, provides a detailed overview of the regulations in Europe, North America, and Asia. </span></span></span></p> <p><span><span><span>Rebecca Perlman, Senior Associate at Herbert Smith Freehills said: “Since 2018, there have been over 170 RI-related regulatory measures proposed globally – more than in the previous six years combined. The RI field, particularly in the EU, has expanded beyond the range of soft law instruments that have been developed over the past decade, to include a growing body of hard law regulations relating to RI. As associated regulatory and litigation risks continue to develop, it is critical for businesses, investors, and lenders to familiarise themselves with this growing set of regulatory obligations. This memo provides a resource to help guide this process.”</span></span></span></p> <p><span><span><span>The SBAI Responsible Investment Working Group is actively reviewing other areas of relevance, including guidance on a Responsible Investment Policy Framework, Strategy specific considerations for implementation of Responsible Investment (L/S Equity, Fixed Income, Credit, Systematic and ILS) and Investor Approaches to Responsible Investment. Maria Long, Content Director of the SBAI said: “With the detailed drill-down into strategy specific considerations when implementing a Responsible Investment Framework, the SBAI RI Working Group is aiming to fill a void in providing practical guidance for managers and investors operating outside of more traditional long only strategies.”</span></span></span></p> <p><span><span><span>SBAI’s Responsible Investment Working Group consists of over 65 industry practitioners, including Aberdeen Standard Investments, Albourne Partners, APG Asset Management, Blackstone Alternative Asset Management, BlueBay Asset Management, Bridgewater Associates, Brummer &amp; Partners, CERN Pension Fund, CQS, Employees Retirement System of Texas, Fiera Capital, HealthCor Management, HPS Investment Partners, Innocap Investment Management Inc., Magnetar Capital, Man Group, Marshall Wace, New Holland Capital, Ontario Teachers’ Pension Plan, Orchard Global Asset Management, Public Sector Pension Investment Board (PSP Investments), RockCreek Group, The State Pension Fund of Finland (VER), Unigestion, Whitebox Advisers LLC and Winton.</span></span></span></p> <p><span><span><span>The Responsible Investment memo forms part of the SBAI Toolbox, which provides guidance to institutional investors and managers on a broad range of topics, including addressing conflicts of interest, risk and fee transparency and cyber security. The SBAI Toolbox complements the Alternative Investment Standards, to which investment managers formally sign up to on a comply or explain basis. In addition to the SBAI’s work in Responsible Investment, the SBAI is also running  a number of other working groups focusing on the following areas: Governance, Alternative Credit, Insurance Linked Funds, Alternative Risk Premia and Standard Investor Profile Template, as well as regional focus groups in China and Japan. </span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=6785&amp;2=bookmark" token="9iUpAc1-M05XyxCLsCWvWhaEXj2zLWmVjnAFNHqSouw"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Tue, 27 Oct 2020 09:26:11 +0000 AlphaWeek Staff 6785 at https://alpha-week.com SBAI Publishes Alternative Risk Premia Guidance https://alpha-week.com/sbai-publishes-alternative-risk-premia-guidance <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Publishes Alternative Risk Premia Guidance</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 07/15/2020 - 08:15</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Standards Board for Alternative Investments (SBAI) has published <span><a href="https://www.sbai.org/toolbox/alternative-risk-premia/">two memos</a></span> on alternative risk premia (aka dynamic beta) investing focusing on Backtesting and Broker Dealer Practices. The memos, which were developed by the SBAI’s Alternative Risk Premia Working Group, provide guidance to institutional investors, managers and broker dealers, as well as a framework of questions investors may wish to ask managers and broker dealers when conducting investment and operational due diligence. </span></span></span></p> <p><span><span><span><span>Alternative risk premia </span>strategies follow a mechanistic, rule-based implementation based on well understood (and academically documented) underlying factors. Matt Talbert, Senior Investment Manager at the Teacher Retirement System of Texas and a member of the Working Group said: “The systematic nature of these strategies requires that institutional investors conduct dedicated due diligence on the robustness of the strategy implementation. The new SBAI Toolbox memos provide a powerful toolkit that will help institutional investors properly scrutinise the strategy implementations and enable them to make well-informed investment decisions.”</span></span></span></p> <p><span><span><span>The Backtesting Memo focuses on the assessment of the strategy development process, identifying the key areas investors need to assess in their due diligence, including statistical overfitting bias, accuracy of assumptions and length of backtesting time series. </span></span></span></p> <p><span><span><span>Steven Desmyter, Global Co-Head of Sales &amp; Marketing at Man Group and a member of the Working Group said: “Today, computers can test millions of different strategy configurations on a given historic sample dataset to find the optimum approach that should deliver the highest risk adjusted return. However, it is very likely that the chosen strategy configuration will be overfitted, with no superior predictive power in the future. I think it’s very important that managers and broker dealers, who use backtesting in strategy development, have frameworks and methods in place to vet strategies to prevent overfitting, and that investors know how to assess the validity of backtesting results.”</span></span></span></p> <p><span><span><span>The Broker Dealer Practices Memo sets out the key distinctions between managed funds and broker dealer products as ways to access risk premia strategies and provides a due diligence questionnaire institutional investors and managers can use to assess broker dealer products. The questionnaire focuses on topics, such as governance arrangements, execution, operational and trading aspects, cost analysis and index design. </span></span></span></p> <p><span><span><span>Tom Leake, Head of Systematic Trading Strategies and Partner at Goldman Sachs Securities Division said: “The SBAI Broker Dealer Memo provides investors with a robust due diligence framework to assess systematic index products. It helps investors gain a thorough understanding of different strategy implementations and helps improve overall practices in the marketplace.“</span></span></span></p> <p><span><span><span>The Standards Board’s Alternative Risk Premia Working Group consists of over 20 leading industry practitioners, including Aberdeen Standard Investments, Albourne Partners, Aspect Capital, Capital Fund Management, Man Group Plc, Teacher Retirement System of Texas, Unigestion and University of Southern California. Leading broker dealers also have provided input for the memos. Thomas Deinet, Executive Director of the SBAI said: “The Working Group exemplifies the value of the Standards Board as a collaborative platform for investors and managers to develop practical guidance and standards for the industry.”</span></span></span></p> <p><span><span><span>The SBAI Alternative Risk Premia Working Group will continue to review other areas of relevance, including applicability of Responsible Investment considerations to risk premia strategies. In addition to the SBAI’s work in Alternative Risk Premia, currently, the SBAI is running  a number of working groups focusing on the following areas: Governance, Responsible Investment, Alternative Credit, Insurance Linked Funds, Standard Investor Profile Template, as well as regional focus groups (China, Japan). </span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=5973&amp;2=bookmark" token="VM5BQOuOPmREscZbHKd6epyYWPRkFff8O4IoB6m5jjs"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 15 Jul 2020 07:15:52 +0000 AlphaWeek Staff 5973 at https://alpha-week.com SBAI Publishes Alternative Credit Guidance https://alpha-week.com/sbai-publishes-alternative-credit-guidance <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Publishes Alternative Credit Guidance</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 05/20/2020 - 08:35</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Standards Board for Alternative Investments (SBAI) has published <a href="https://www.sbai.org/toolbox/alternative-credit/">three memos on alternative credit fund management</a> focusing on fund structuring considerations, valuation and conflicts of interest. The memos provide guidance to managers and investors on these topics and a framework of questions investors may wish to ask managers when conducting operational due diligence.</span></span></span></p> <p><span><span><span>The memos were developed by the Standards Board’s Alternative Credit Working Group which consists of 45 leading institutional investors and managers.  Members of the Working Group include managers such as Angelo Gordon, HPS Investment Partners, Magnetar Capital and PIMCO and institutional investors including CPPIB, New Zealand Superannuation Fund and Teacher Retirement System of Texas. </span></span></span></p> <p><span><span><span>Thomas Deinet, Executive Director of the SBAI said: “The Working Group exemplifies the value of the Standards Board’s collaborative platform to develop practical guidance and standards for the industry.” </span></span></span></p> <p><span><span><span>Nicholas Maffeo, Portfolio Manager at the Employees Retirement System of Texas and a member of the Working Group said: “The SBAI memos provide a powerful toolkit that will help institutional investors properly scrutinise alternative credit managers and enable them to make well-informed investment decisions. It is important that managers have a robust approach in all the areas addressed by the memos, and we encourage the adoption of the Alternative Investment Standards by investment managers.”</span></span></span></p> <p><span><span><span>The Fund Structuring Memo focuses on key considerations for the two most common fund models employed by alternative credit managers: the closed-ended private equity model and the open-ended hedge fund model. Laura Lincoln, Senior Portfolio Manager at Utah Retirement Systems and a member of the Working Group said: “The publication of these memos is very timely, given the current economic situation. Investors need to think carefully through the consequences of fund structure in difficult environments, as this is when protections and flexibilities are needed most.” </span></span></span></p> <p><span><span><span>The Valuation Memo highlights the key features of a robust valuation framework and illustrates the fair value process for direct loans. Ryan Teal, Partner and North American Head of Operational Due Diligence at Albourne Partners and a member of the Working Group said: “Fair Value matters to institutional investors, to inform their risk management and investment decision-making, satisfy their accounting requirements, and ensure fair treatment of ultimate beneficiaries.”   </span></span></span></p> <p><span><span><span>The Conflicts of Interest Memo identifies the specific conflicts of interest that can arise in funds investing in alternative credit, including in situations where different funds invest in different parts of a company’s capital structure and where one fund refinances a loan held by another fund. “Alternative credit funds present a unique set of conflicts considerations over and above those found in funds focused on liquid investments,” said Karl Wachter, General Counsel at Magnetar Capital and a member of the Working Group. “The guidance in SBAI’s conflicts of interest memo equips investors with a roadmap for exploring these risks with managers during operational due diligence.”</span></span></span></p> <p><span><span><span>The Standards Board previously addressed the topic of conflicts of interest through its consultation paper in 2015 (<a href="https://www.sbai.org/standards/consultations/">CP4</a>) and introduced new <a href="https://www.sbai.org/standards/">Standards</a> which focused on conflicts of interest arising between parallel funds. It also issued more detailed <a href="https://www.sbai.org/toolbox/governance/">Toolbox Guidance</a> on the topic earlier this year. </span></span></span></p> <p><span><span><span>The SBAI Alternative Credit Working Group will continue to review other areas of relevance in alternative credit, including investor disclosure and applicability of Responsible Investment considerations. In addition to the SBAI’s work in Alternative Credit, the SBAI is currently running a number of working groups focusing on the following areas: Governance, Responsible Investments, Insurance Linked Funds, Factor Investing, Standard Investor Profile Template, as well as regional focus groups (China, Japan).</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=5625&amp;2=bookmark" token="-fcIfgJJjweLLF6StD880dkpkJMTvXCoHdds8i5kIrI"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 20 May 2020 07:35:20 +0000 AlphaWeek Staff 5625 at https://alpha-week.com SBAI Appoints CDPQ's Mario Therrien As Chairman https://alpha-week.com/sbai-appoints-cdpqs-mario-therrien-chairman <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>SBAI Appoints CDPQ&#039;s Mario Therrien As Chairman</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Tue, 04/28/2020 - 12:06</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span>The Board of Trustees of the Standards Board for Alternative Investments (SBAI) has appointed Mario Therrien as the organisations's new Chairman. Therrien succeeds Dame Amelia Fawcett, who is retiring after nine years leading the Standards Board. Therrien is Senior Managing Director and Head of Strategic Partnerships, Developed Markets at Caisse de depot et placement du Quebec (CDPQ).</span></span></span></span></span></p> <p><span><span><span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span>The SBAI has also appointed Luke Ellis, CEO at listed investment manager Man Group, as Deputy Chairman.</span></span></span></span></span></p> <p><span><span><span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span>“The current health crisis and challenging economic outlook spell uncharted, potentially treacherous, waters. So, the need for leadership, strong standards of practice and efficient sharing of knowledge among peers has never been greater,” said Dame Amelia Fawcett. “This is precisely the type of environment that underscores the value of the Standards Board, as industry members seek current insights and examples of “best practice”, as they manage through the difficult and uncertain weeks and months ahead. I am confident the Standards Board will continue to play a very important role during this crisis and for years to come, particularly under the strong leadership of Mario and Luke, both industry leaders who have been committed to the Standards Board for more than a decade. Their partnership is a visible manifestation of what makes the Standards Board so valuable – investors and managers working together across geographies to make a difference to our industry and economies”. </span></span></span></span></span></p> <p><span><span><span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span>Mario Therrien</span></span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span> said: “I am incredibly honoured to lead the Board of Trustees of the Standards Board and further the important work and growing adoption of the Standards around the world. The current environment underscores the value of the SBAI as a collaborative platform where industry leaders can share knowledge and develop solutions that help institutional investors, investment managers and regulators strengthen the alternative investment industry.”</span></span></span></span></span></p> <p><span><span><span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span>Luke Ellis</span></span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span> commented, “I am thrilled to have the opportunity to work with Mario to lead the Standards Board at a time when it is thriving and also the need for it has never been greater. I am confident that the SBAI and the Standards will continue to serve all of the stakeholders in the alternative investment industry around the globe and be an essential part of making our industry stronger.”</span></span></span></span></span></p> <p><span><span><span><span lang="EN-US" xml:lang="EN-US" xml:lang="EN-US"><span>In the last 12 months, leading asset managers, including Angelo Gordon, Blackrock, Bridgewater, Citadel and PIMCO, have joined the Standards Board or increased their long-standing commitment as Core Supporters, the highest level of commitment. The SBAI was established more than a decade ago.</span></span></span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=5373&amp;2=bookmark" token="1sKn7GWDDvpQ7e-7sJqYKFIr-MW4MXutwfRHI6vKHKo"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Tue, 28 Apr 2020 11:06:49 +0000 AlphaWeek Staff 5373 at https://alpha-week.com