There is much greater focus on independent risk management from investor and regulators globally. Carne provides an independent risk management service for asset managers who need a trusted and independent partner to help them meet new regulatory requirements.
For example, under the AIFM Directive, investment managers must delegate portfolio management or risk management activities.
Carne offers an experienced in-house risk team with risk management professionals in Ireland, Luxembourg, the Channel Islands and the US. Carne’s risk team supports our management companies as well as stand alone management companies belong to our clients.
Staffed with former fund managers, treasury and trading professionals, our risk team incorporates operational, regulatory, and other key risks into the oversight processes to form a more homogenous perspective of risks for reporting.
Carne uses enterprise risk management principles to put in place the risk management frameworks and reporting processes that regulators now require. Our risk team then monitors these on an ongoing basis, reporting to boards and investment managers when needed.
Our risk management service is available as a stand alone service or can be incorporated into other self managed solutions.
For further information on your Risk Mangement Services. please contact:
Mark Hodgson is a Channel Islands fund director based in Jersey, with considerable experience in the administration of Channel Islands funds. He has a broad fund expertise covering a wide range of differing asset classes, including real estate, infrastructure, hedge and private equity.
Mark joined Carne in April 2014. He has over 25 years of financial services experience, with an extensive banking background. Mark spent over 20 years with HSBC where he gained in depth knowledge of credit, financial markets and complex Real Estate structures. Prior to moving to Jersey Mark was Regional Director for HSBC Invoice Finance (UK) running their receivables finance business.
Mark moved to Jersey in 2006 to Head up HSBC’s Commercial Centre having full operational responsibility for credit and lending within the jurisdiction. In 2008 he moved to Capita Fiduciary Group as Managing Director Offshore Registration ( a regulated role) with responsibility for Jersey, Guernsey and the Isle of Man. Mark also took on the responsibility as Managing Director of Capita Financial Administrators (Jersey) Limited (regulated role) together with Directorship appointments of regulated and unregulated funds boards. Mark is appointed as Board Director to the LSE listed River and Mercantile UK Micro Cap Equity Fund Ltd and to Kennedy Wilson Investment Management Ltd which acts as Investment Manager to the LSE listed Kennedy Wilson Europe Real Estate PLC.
Neil is an experienced Irish-based investment professional and fund director with wide experience of the governance and operations of alternative investments at the institutional level, including infrastructure and private equity funds. He has also had experience as an equity fund manager and is a qualified risk management professional.
Neil joined Carne from Irish Life Investment Managers, where he was Head of Alternative Investments, overseeing an external hedge fund manager portfolio. He also supervised ILIM’s illiquid investments in private equity and infrastructure, including acting as an independent director on a number of investee companies. He began his career with Irish Life as a sector-focused fund manager overseeing part of a €4 billion portfolio. Prior to this, Neil was a Senior Equity Analyst for Goodbody Stockbrokers in Dublin. He has also worked as an engineer with a number of leading engineering and telecoms firms in Ireland.
Neil has a Bachelor of Electrical Engineering from University College Cork and a Master of Business Administration from the Smurfit School of Business, University College, Dublin. He is a Chartered Alternative Investment Analyst (CAIA) and a Financial Risk Manager (FRM – Global Association of Risk Professionals).
Steve Bernat is the CEO of Carne’s Luxembourg business and a highly experienced investment fund expert with strong background in funds distribution and operations. He is responsible for managing the day to day business of Carne’s Luxembourg office and its management company.
Steve has almost two decades of experience in theinternational funds industry, working to facilitate the requirements of fund management clients from across the globe. He has a background in fund services, and was most recently a member of the Executive Committee at Lemanik Asset Management, where he was also acting as General Manager of Lemanik’s Dublin branch. He worked for seven years at Citi with its European Fund Services and Securities division, and prior to this was employed by State Street/International Financial Data Services (IFDS), where he managed the client relations team. Steve has also worked with Pioneer Investments.
Steve speaks English, German, French and Luxembourgish. He is an active member of fund industry committees and working groups and a regular speaker at conferences around the globe.
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.