CACEIS expands range of services for AIFM managers
Date: Jan 25, 2013
Categories: Markets & Exchanges, Risk and Regulation
Keywords: CACEIS, AIFM
Paris, January 21st 2013 - Already Europe’s leading custodian and administrator for alternative investment funds (hedge funds, private equity, real estate and other non-UCITS funds) with assets approaching €300 billion, CACEIS is expanding its range of services to help fund managers comply with and take full advantage of the AIFM (Alternative Investment Fund Managers) Directive, under which they will soon be regulated.
With a range of services including fund structuring assistance, fund accounting, custody, derivatives clearing, collateral management, depositary functions, middle-office, risk management, financial reporting and much more, AIFMs will find that CACEIS is a unique provider, able to provide support and customised solutions for all of their needs, whatever the asset class.
CACEIS is already helping some fund managers to evaluate the implications of the AIFM Directive by providing operational support for adapting their organisation and internal procedures, in particular concerning the delegation of functions, risk management and the new regulatory reporting format.
Thanks to its extensive involvement in industry working groups, CACEIS anticipated the expansion of its responsibilities in terms of restitution of assets under depository and has made their security its priority. Through its private equity and real estate funds business line, CACEIS offers a unique and integrated combination of banking and middle and back-office outsourcing services, allowing AIFMs to improve their operational efficiency and risk management.
CACEIS has initiated discussions within its network with several local fund managers to help them consider the implications of the Directive, while keeping the characteristics of their market in mind. Conference debates have been organised for early this year in Germany, the UK, France and Asia to study the challenges posed by the Directive with AIFMs and to introduce them to CACEIS’s Asset Servicing range of solutions.
Re-disseminated by The Asian Banker