SKCG Group, the risk management and insurance advisor to some of the world\u2019s largest hedge funds, has designed a program for hedge funds that includes a \u2018Start-Up Kit\u2019 for emerging managers. The program grows in sophistication as the fund\u2019s assets under management and the number of employees increase. It is based on SKCG\u2019s detailed analysis of the hedge fund industry\u2019s insurance needs, from launch to their becoming multi-billion dollar asset funds.<\/p>\n
\u201cWe created this program to give hedge fund managers a clear understanding of their options every step of the way,\u201d commented David Parker, President of SKCG\u2019s Employee Benefits Division. \u201cWhen hedge fund managers launch their funds, they face abundant responsibilities and requirements. Our \u2018Start-Up Kit\u2019 is designed to take their risk management and insurance concerns off the table so they can concentrate on raising assets and managing their funds,\u201d said Parker.<\/p>\n
Some pre-launch concerns among hedge fund managers include purchasing property\/casualty and liability insurance, workers\u2019 compensation, medical coverage, as well other basics such as payroll administration. According to SKCG, more start-ups are also acquiring Directors and Officers and Errors and Omissions (D&O\/E&O) Professional Liability coverage.<\/p>\n
SKCG\u2019s program then points more established hedge funds toward key person life insurance as an important component in the management of risk, alongside business succession planning and sophisticated pension and non-qualified deferred compensation programs. SKCG plays an important advisory role through each stage of growth, and provides hedge fund managers with \u201cbenchmark reports\u201d showing the coverage and services that other hedge funds are buying. Especially in the current regulatory environment, making the right choices is more important than ever.<\/p>\n
\u201cEven at the beginning, providing the right coverage requires an experienced eye. The challenge is in being able to anticipate problems and respond quickly. If the hedge fund manager wants to sign a lease tomorrow, our analysis team needs to read every page of it today and comment accordingly,\u201d said Mr. Parker.<\/p>\n
SKCG developed its \u201cStart-Up Kit\u201d as the number of new hedge fund launches is increasing and industry assets under management recently hit $2 trillion \u2013 the level reached before the 2008 credit crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"
SKCG Group, the risk management and insurance advisor to some of the world\u2019s largest hedge funds, has designed a program for hedge funds that includes a \u2018Start-Up Kit\u2019 for emerging managers. The program grows in sophistication as the fund\u2019s assets […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,13],"tags":[],"class_list":["post-23243","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-press-releases"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=23243"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23243\/revisions"}],"predecessor-version":[{"id":23244,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23243\/revisions\/23244"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}