Welcome to the International Association of
Hedge Funds Professionals (IAHFP)
Dear Hedge Funds Professional,
On July 21, 2010, President
Obama signed into law the Dodd-Frank Wall
Street Reform and Consumer Protection Act, that has several
impacts within the investment management and hedge funds community.
Adviser Registration, Investor Certifications, Reporting, Expanded
Disclosure Requirements, the Volcker Rule, Shorting, Arbitrage,
Tighter Leverage Requirements, New Accredited Investor Definition,
Possibility of Hedge Funds Being Designated Systemically Important
Financial Institutions, everything is
different.
In Europe
we have another directive with important impacts within the investment
management and hedge funds community, the
Directive on Alternative Investment Fund Managers (AIFM).
The AIFM Directive aims to create a comprehensive and
effective regulatory and supervisory framework for AIFM (that
include the managers of hedge funds
and private equity funds).
It looks like every regulator and
supervisor around the world is calling for more direct hedge fund
regulation.
When this is difficult, they try an
indirect regulatory approach,
changing the rules for the counterparties of hedge funds, using for
example Basel ii / Basel iii and other best practices.
Regulated financial institutions have also to comply with
the Basel ii / Basel iii rules.
You are a hedge funds manager,
administrator, analyst, or mathematician. Perhaps you are a junior or
senior consultant. Or, you do your best for the fund establishment,
portfolio management, product development, financial control,
financial reporting, regulatory reporting, tax reporting , compliance
monitoring, sales, marketing, relations.
You work in a team
that provides market with liquidity, and investors with a wide choice
of strategies to meet their investment objectives.
You
work in a team that has the ability to generate positive returns in
both rising and falling markets.
You work in a team that gives
investors opportunities for absolute returns, skill-based strategies
and diversification.
But you live
in a world that believes that you are paid ridiculously well
regardless of performance.
There are some jobs almost all hate,
and one of them is your job.
Nobody
really knows what you do and how difficult it is, but they have
no problem: You simply make money looking at numbers on a computer
screen.
People love people like
Bill Gates, who makes billions for delivering products like Windows,
but dislike or hate hedge fund managers (and their teams) who make
really good money only when their funds are delivering absolute
returns to their investors.
We have to explain to the
world what hedge funds professionals and their consultants do in order
to make money. The challenges, the difficulties, the risks, the nights
without sleep, the tension.
We have also to explain simple
things, like performance fees that are
similar to stock options for the CEO.
We live in a secretive environment, because they love to copy our
strategies and positions, but we have to know each other better and to
leave the world learn more about us.
Membership in the International Association
of Hedge Funds Professionals (IAHFP) is free. At every stage of
your career, our community provides training, certification programs,
resources, updates, networking and services you can use.
Investment in compliance and risk
management will see returns.
Join us.
Best Regards,
George Lekatis
President of the International Association of Hedge
Funds Professionals (IAHFP)
General Manager, Compliance LLC
1200
G Street NW Suite 800, Washington DC 20005, USA
Tel: (202)
449-9750
Email: lekatis@hedge-funds-association.com
Web:
www.hedge-funds-association.com
HQ: 1220 N. Market Street Suite
804, Wilmington DE 19801, USA
Tel: (302) 342-8828
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