UMB Fund Services: Some alternative investment managers are launching new funds with an expectation of later converting them to registered funds to pursue broader distribution. Here are suggestions from Ann Maurer, UMB senior vice president and mutual funds product manager, on how to avoid negative surprises when implementing that strategy. Read more…

Citrin Cooperman: International tax information reporting for tax year 2021 adds two new schedules, K-2 and K-3, for pass-through entity tax returns. These schedules were originally intended to only address reporting of items of international tax relevance; however, the new instructions issued in January 2022 required the inclusion of Schedules K-2 and K-3 in many, if not all, pass-through entity returns. Read more…

Harbour – 2022 marks a significant milestone for Harbour (The Harbour Trust Co. Ltd.), a leading fund governance firm, as they celebrate 40 years of providing professional services in the Cayman Islands. Harbour has a longstanding and well-established presence in the fund industry, both in the Cayman Islands and around the globe. The firm was established on March 4, 1982 and licensed with the Cayman Islands Monetary Authority (“CIMA”) the same month. Since then they have grown from three people to their present group of 14 multi-talented professionals, all while continuing to expand and diversify their service offerings. Read more…

By Matthew Markham, COO, aXpire LLC – March 30, 2020 – AlphaWeek: Full article here.

HFA members re-elected Camille Clemons, Jennifer Keeney and Emily Slocum, and elected Jill Calton, Lauri Goodwyn, James Koutoulas, Alexander Reyes and Joshua Stone. All HFA Directors are volunteers serving for up to 2 consecutive 3-year terms.  Full announcement posted here.

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…

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, a leading provider of investment management services for traditional, alternative, and emerging asset classes, today announced that Dan Grill has joined the firm’s executive leadership team as a Partner. Read more…

The appointment of Mason Stark follows the recent high-profile additions of Cai, Chang and Furo, and further strengthens Wilshire Phoenix’s leadership team, all of whom join Herrmann with key executive roles as the firm continues its rapid growth.