ITG Releases Hedge Fund CFO Survey
- Changing financial rules and regulations are the most pressing issue on these CFOs minds, according to 47% of respondents, followed by the need to streamline compliance processes (37%).
- European moves to unbundle research payments from equity trading commissions are a clear concern, with 49% of hedge fund CFOs very or somewhat concerned.
Europemoves towards a “hard unbundling” of research payments from commissions, 65% of the CFOs surveyed said they would likely segregate the accounts of their European clients in order to continue using Commission Sharing Agreements (CSAs) for the non-European clients, while 35% said they would consider ending the use of CSAs altogether.
- Some 51% of the hedge fund CFOs surveyed already pay for at least some of their research using hard dollars (i.e. dollars from the fund’s management fees, not funds generated through trading commissions).
- Hedge fund CFOs rely on their peers to keep abreast of changes in the marketplace: 45% cited conversations with their fellow finance and compliance professionals as their main source of updates, followed by content from their brokers or vendors (31%) and content from business or trade publications (24%).
The survey polled more than 40 attendees of ITG’s CFO dinner in
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