Fund managers that are new to the European market may sometimes need additional support with building a distribution network. As fund registration experts, we already know and understand the intricacies of the European marketplace including the regulatory and operational hurdles.
For existing clients of Carne, including investment managers using our independent UCITS / AIFMD management companies, we can help with the development of a distribution strategy and introductions to distribution specialists in Europe.
Carne can provide support for non-US managers seeking to distribute funds for the first time in the United States under the Investment Company Act of 1940 (“’40 Act”). This can be both a costly and complex exercise for those unfamiliar with the regulatory landscape. Carne has strong relationships with service providers and Series Trusts in the US, and can work with our clients to help you develop an effective strategy and operational presence to suit your budget.
Chris is a Managing Director in Carne’s London office. He joined the firm in January 2009. He specialises in governance and risk services for alternative and traditional investment funds in Europe and Asia, in particular hedge and equity funds.
As an independent director Chris brings a fundamental understanding of the manager’s and investor’s requirements in light of legal and regulatory demands. He has over 20 years of experience in the fund industry working with top tier clients and has a background in prime brokerage services for alternative funds.
Prior to joining Carne, Chris was a senior member of the management team at Deutsche Bank in London and Hong Kong, where he focused on the growth of the bank’s hedge fund business including Equity, OTC, FX and Fixed Income. As part of the Global Market Equity Division, Chris worked on aspects of sales, financing, clearing, controls, reporting, margin, legal and credit within Deutsche Bank. As a member of Deutsche Bank’s Prime Brokerage Consulting & Transition Management team he has worked with service providers, software vendors, administrators and custodians.
Before joining Deutsche Bank Chris worked at Prudential Bache Securities and Credit Suisse Buckmaster & Moore Securities in London.
Scott is an independent director and risk officer serving on U.S. and offshore long only and hedge fund boards. With a 25 year track record in the investment industry, he has worked at the senior executive level in ’40 Act and alternative fund firms where he has managed critical business and risk activities, including operations, client servicing, legal, compliance, distribution, IT, human resources, corporate development, strategic planning, and treasury.
Among previous positions, Scott was Chief Operating Officer and Chief Financial Officer at Aurora Investment Management and Executive Vice President and Chief Administrative Officer at Calamos Asset Management. Between 2000 and 2005 he held senior roles at Northern Trust Global Investments, including as Global Chief Operating Officer of Northern Trust’s passive and quantitative business. He has also worked as an attorney and head of the separate account business for Nuveen Investments, as well as a corporate and securities law attorney at Schiff Hardin in Chicago.
Scott graduated from Trinity College, CT, and has a Juris Doctorate from Northwestern University School of Law. He is a member of the CFA Institute and CFA Society of Chicago, and completed the CIMA Program at the Wharton School. He sits on the Investment Committee of the Chicago Community Trust and the Board of Directors of the Geneva Lake Association.