UMB Fund Services: The Qualified Opportunity Zone (QOZ) program may offer investors temporary tax deferral, but they bring with them cash challenges for fund managers. Read more…
UMB Fund Services: The Qualified Opportunity Zone (QOZ) program may offer investors temporary tax deferral, but they bring with them cash challenges for fund managers. Read more…
UMB Fund Services: UMB has again partnered with FUSE Research Network to issue the third edition of this report, which delivers the most comprehensive look at unlisted CEFs in the industry. Read more…
RSM: In August 2017, the FASB issued Accounting Standards Update (ASU) 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, which brought forth some long-awaited improvements to hedge accounting. Read more…
KSM: On July 17, 2019, the Financial Accounting Standards Board (FASB) voted to have its staff prepare an exposure draft to delay the effective dates for accounting standard changes on leases, credit losses, and hedging. Read more…
UMB Fund Services: Watch Asset TV’s Liquid Alternatives Masterclass where UMB’s Richard Talley shares perspective on interval and tender-offer funds. Watch video…
Absolute Return: As prime brokerage as a whole has become more commoditised and funds continue to seek ways to cut costs, smaller prime brokers, or so-called “mini-primes” have managed to gain market share. One such firm, Celadon Financial Group, had its best year in terms of revenues in 2018, according to CEO Daryl Hersch. Download PDF…
Gary R. Markham: It’s a well known fact that attorneys, auditors, accountants, consultants and other professional hate recording their time. That is a universal rule, which goes along the lines of “this isn’t what I went to law school for……”. Read more…
The Information: It turns out last week’s rally was short-lived, with bitcoin pulling back after reaching as high as $13,500. People in the industry I’ve spoken with are still mindful of last year’s plunge, and say they would rather see the market gain steam more gradually. “Once a new base is formed, prices are likely to move higher,” said Bill Herrmann, managing partner at the investment management firm Wilshire Phoenix. Read more…
Wilshire Phoenix: Digital Assets share some similarities to traditional assets such as stocks, bonds, and commodities. However, careful consideration is needed to apply traditional methods in their investment and risk management. For an investor in digital assets, diversification is an important topic. How can one use the concept of diversification to help achieve returns while managing risk? Read more…