The Alternative Investor – April 2024 Edition

The April 2024 edition of the Alternative Investor is out today with alternative fund news from the past month alongside guest features looking at the democratisation of the alternatives industry.

Alternative News

We look back at another month of strong fund returns, with macro managers on top, and various fund raises. There is an upcoming sector IPO, which we are all watching closely, new legal cases, activist campaigns, founder shenanigans, potential comebacks and much more.

Sector democratisation…

  • Haynes Boone’s James Tinworth writes about how alts ‘democratisation’ or ‘retailisation’ is gaining traction and the increased interest in Europe.
  • PwC’s Mathieu Scodellaro and Jeremy Evans continue on this theme with a look at recent developments in the space.
  • Moving away from the legal side to organisational nuts and bolts, MUFG Investor Services COO, Mac Kirschner, writes about how firms are having to evolve their operations and businesses to enable this broader audience.
  • Fredriks Partners’ Max Heppleston wraps-up with what he is seeing on this trend and where/ how firms are hiring to fill the new roles.

Letter from America

This month, Prosek’s Mark Kollar’s Letter from America dives into the growing trend of NAV financing in the US, where managers are borrowing money based on the value of their portfolio, allowing them to raise capital when liquidity is low.

Regulatory Update

RQC Group reports on the FCA setting out its supervisory strategy for alternative sectors, its business plan for 2024/25 and update on crypto asset ETNs, as well as HM Treasury’s consultation to enhance money laundering regulations and the Treasury Select Committee report on ‘Sexism in the City.’ Turning to the US, RQC looks at the SEC modernising the rule that exempts internet investment advisors, as well as reporting on x2 firms charged with making misleading statements on the use of AI, and another firm fined for inadequate ownership disclosures.

We are, as always, delighted to be joined by The Money Maze, with this publication a collaboration between Brodie Consulting Group, Capricorn Fund Managers and RQC Group.

The Alternative Investor