Private Fund Advisers and Service Providers Must Evolve Their Businesses to Keep Pace With Innovations in Technology, or Risk Becoming Obsolete

January 19, 2018 3:58 pm |

Hardly a day goes by without some mention of technology’s impact on the financial services industry. The extraordinary rise, and recent dip, in the price of bitcoin dominates the financial news; conference providers tout headlines that blockchain will forever change the asset management industry; and regulators and securities lawyers are being asked to opine on whether digital tokens are securities, thus subject to securities regulations. What does all of this mean for a hedge or private equity fund manager? In a recent interview with The Hedge Fund Law Report, Anthony Cowell, partner and head of alternative investments at KPMG in the Cayman Islands, discussed how innovations in technology are reshaping the private funds industry. Cowell will chair the Cayman Alternative Investment Summit, taking place February 8-9, 2018, where industry leaders will discuss the impact of emerging technologies on the global alternative investment industry. For more information about the symposium, click here. To register for the conference, click here, using the HFLR’s promotional code available in this article for a 15 percent discount. For additional insights from KPMG partners, see “What Role Should the GC or CCO Play in the Audit of a Fund’s Financial Statements?” (Feb. 23, 2017).