West Palm Beach (HedgeCo.net) – Hedge fund risk and regulatory compliance solutions provider, FRSGlobal, is preparing to work with the hedge fund industry to help it comply with the new wave of global regulations expected to be in place later this year.

Compliance experts within FRSGlobal’s Centre of Risk & Regulatory Excellence (CoR2E) are actively monitoring the discussions taking place at the various U.S. regulatory agencies and are ready to advise hedge funds on the best ways to automate their reporting processes as soon as any new legislation is enacted.

"U.S. regulators are demanding more oversight of the hedge fund industry which means that registration is imminent, "Richard Ferrari, FRS Vice President, commented, "Hedge funds are going to be subject to far greater scrutiny than ever before. Whether it is increased transparency around the trading and valuation of OTC derivatives and structured products or the amount of leverage being taken on, regulators are going to require comprehensive, timely and accurate reporting, a requirement that hedge funds typically have little experience of.

"While the exact form of regulatory reporting is still to be finalized, it is clear from our discussions with market participants and U.S. governing bodies that there is going to be an overwhelming need for the kind of flexible risk and regulatory reporting tools developed by FRSGlobal that have helped hundreds of banks worldwide meet the their regulatory needs over the past twenty years. This experience and expertise is now going to be available to the hedge fund industry."

FRSGlobal’s unified platform has coverage for over 30 countries.

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New York (HedgeCo.Net) – Former Pacific Investment Management Co. portfolio manager John Brynjolfsson is rumored to be starting his own hedge fund in the near future.  

Ronald Solberg of Viking Asset Management will team up with Brynjolfsson to run Armored Wolf LLC, which will “vary weightings among real asset sectors and securities based on a top-down assessment of the investing environment,” according to the firm’s website.

Prior to venturing out on his own, Brynjolfsson managed the $14.4 billion Commodity Real Return Strategy Fund at Pimco and has been with the firm since 1989.  The Commodity Real Return Strategy Fund employed swap agreements to gain exposure to changes in a broad index of commodity futures prices, using portfolio assets as collateral. 

Brynjolfsson also ran the firm’s $15.5 billion Real Return Fund.  Both funds saw impressive gains in 2007 during a year when many hedge funds were suffering.  

Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net

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