June 20, 2021

Depo-lites could need to evolve to survive

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By Charles Guber From Global Custodian The Alternative Investment Fund Managers Directive (AIFMD) forced fund managers including hedge funds and private equity firms to appoint either a depositary institution or depositary-lite (depo-lite) to provide independent oversight of asset safekeeping, cash-flow monitoring and fund manager compliance. The “lite” moniker is assigned to a service provider undertaking […]