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Iron Cove Blog

Check here for the latest Iron Cove Case Studies & Financial Services Related Blog Posts

Tillage Fund vs. SS&C Fund Admin | Phishing Cyber Exposure and Whether Hedge Funds Could Protect Themselves?

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

Prospect Case Study: D&O/E&O Insurance For Registered Investment Advisor and Private Fund Firm

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

SEC Administrative Proceeding Cites Violation of Advisers Act Due to Insurance Premium Allocation Practices

Oct 18, 2016 6:03:28 PM

The SEC has commenced enforcement proceedings against a large greenwich based Hedge Fund siting violations of section 206(2), 206(4) and 206(4)-8 of the Investment Advisers Act in part resulting from inadequate insurance premium allocation methodology.

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Tags: hedge fund insurance, insurance, Iron Cove Posts, Claims, Coverage, Directors and Officers Insurance, directors and officers liability, D&O, financial institutions, hedge fund, Iron Cove, Lou D'Agostino, Premium Allocation, Professional Liability, protection, regulation, Risk, SEC

D&O Insurance Case Study: $10 Billion RIA & Hedge Fund Firm

Aug 30, 2016 10:10:30 AM

Hedge Fund Insurance Case Study

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Tags: hedge fund insurance, Asset Management, Iron Cove Posts, Case Study, Coverage, D&O, financial institutions, hedge fund, Iron Cove, Iron Cove Partners, Lou D'Agostino, Risk Management, SEC

Tags: hedge fund insurance, Hedge Funds, Insurance, insurance, Iron Cove Posts, broker, Coverage Overview, Directors & Officers Liability, D&O, Dodd-Frank, Risk, SEC Investigations

Fiduciary Liability? Do we have it? Can I answer "YES" on the DDQ?

Dec 17, 2013 4:15:41 PM

Fiduciary Liability

Countless numbers of our financial institution clients are asked to carry Fiduciary Liability protection by third-party investors. This request causes a lot of confusion for asset management firms due to the fact that they rarely ever purchase it (at least in the most literal sense).

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Tags: hedge fund insurance, Hedge Funds, Insurance, agency, Asset Management, Iron Cove Posts, brokerage, Due Diligence Questionaire, ERISA, Errors and Omissions, Fiduciary, Fiduciary Liability, hedge fund, investment advisors, Liability, Lou D'Agostino, Pension Plans

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