Jan 13, 2017 3:57:48 PM
As if counter-party risk weren't already one of the biggest concerns of HF Managers! SS&C, one of the largest and most trusted fund administrators serving the alternative asset management industry fell victim to a phishing cyberattack costing a fund client millions of dollars but far worse, their business. As a fund manager, how can you protect yourself?
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Tags:
hedge fund insurance,
Hedge Funds,
Insurance,
insurance,
ACE,
Chubb,
Coverage,
cyber,
Cyber & Privacy Liability,
cyber transfer fraud,
Directors & Officers Liability,
dodd-frank,
Errors and Omissions,
Fidelity Crime,
financial institutions,
Fund administrator,
hedge fund,
Hedge Fund Regulation,
hedge funds,
Lou D'Agostino,
Professional Liability,
property & casualty,
Risk,
social engineering,
SS&C,
Tillage
Oct 28, 2016 12:40:10 PM
Who: New York Based RIA & Private Fund with $400,000,000 in assets under management.
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Tags:
hedge fund insurance,
Analysis,
Case Study,
Coverage,
Directors & Officers Liability,
D&O,
Errors and Omissions,
hedge fund,
Iron Cove,
Lou D'Agostino,
regulation,
Risk,
Risk Management,
SEC
Jun 28, 2016 10:01:47 PM
The management and professional liability insurance marketplace for both existing fund managers and emerging managers has softened significantly over the past 12 months. Both pricing and coverage terms are the most competitive they've been in over a decade with insureds experiencing rate decreases coupled with broadened coverage.
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Tags:
Hedge Funds,
insurance,
Iron Cove Posts,
directors and officers,
D&O,
Errors and Omissions,
hedge funds,
Insurance Industry News,
Lawsuits,
Liability,
Litigation,
protection,
regulatory coverage,
SEC
Mar 18, 2015 5:41:40 PM
In July of 2013, the European Union's issued a directive aimed at Alternative Investment Fund Managers also known as the Alternative Investment Fund Managers Directive ("AIFMD"). The AIFMD requires AIFMs who market within the EU to hold either sufficient capital or have appropriate insurance in place to meet any financial loss arising from professional negligence claims related to their EU business or EU domiciled clients. This requirement can be satisfied with the AIF's own funds or they could procure insurance which is separate and not part of their existing insurance program (ring-fenced). Funds are required to carry .9% of total AUM in separate limits of professional liability (.7% for any one claim).
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Tags:
Hedge Funds,
Insurance,
insurance,
AIFMD,
Iron Cove Posts,
Coverage Overview,
Directors & Officers Liability,
Errors and Omissions,
Errors and Omissions Insurance,
EU,
hedge fund,
Regulation,
Separate Limits of Liabilty
Oct 22, 2014 3:28:28 PM
What constitutes a claim under a Hedge Fund Directors and Officers Liability Insurance policy? While definitions vary from insurer to insurer, most insurance contracts define “claim” as any civil, administrative, arbitration, criminal or regulatory proceeding against any insured commenced by:
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Tags:
Hedge Funds,
Insurance,
insurance,
Iron Cove Posts,
claim,
Coverage,
Coverage Overview,
defense costs,
directors and officers liability,
Directors & Officers Liability,
Errors and Omissions,
hedge fund,
inquiry,
Iron Cove Partners,
Lou D'Agostino,
Regulation,
SEC Investigations,
trigger
Apr 30, 2014 11:51:18 AM
APRIL 30th, 2014
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Tags:
Insurance,
insurance,
Iron Cove Posts,
Broker-dealer,
Cost,
Coverage,
Coverage Overview,
Dodd-Frank,
Errors and Omissions,
Fiduciary,
Fiduciary Liability,
Finra,
Liability,
Registered Representative,
Regulation,
SEC,
SEC Investigations,
Securities Dealers
