Carne provides support for US and non-US investment managers, helping them to meet their regulatory, governance and distribution requirements.
We can advise US-based investment managers on their non-US operational and distribution requirements, including establishment of offshore vehicles in a range of jurisdictions. We draw on a diverse network of highly experienced international Carne funds professionals who can support the launch or redomiciliation of funds to the Cayman Islands, Channel Islands, Luxembourg or Ireland. We also work with US managers interested in other jurisdictions or in implementing an effective global distribution strategy.
For investment managers interested in promoting funds in the United States under the 40 Act legislation, Carne can advise on the steps to take in meeting the regulatory and legal requirements and establishing the sound governance foundation needed to succeed.
We work with providers of US Series Trusts to help managers new to the US market to launch with the required reporting and oversight in place. We can provide initial guidance on formulating a distribution strategy for the US market as well as advising on appropriate fee structures, TERs and product development issues.
We can provide highly experienced and US-resident fund directors for the boards of Delaware funds. Carne is regarded as a leading global provider of independent and unconflicted governance services for investment managers and we can bring that respected culture of professional oversight to the boards of Delaware funds. Our US-resident directors have in-depth experience of the US funds industry and are familiar with the operational, regulatory and distribution objectives of Delaware domiciled investment vehicles.
Carne Global Financial Services Limited
NY NY 10017
Joe manages Carne’s New York office and has over 25 years’ of experience in the asset management industry. Joe is a seasoned fund director, and has 15+ years of board experience in Luxembourg, the Cayman Islands and the US. His product development and management proficiency along with his extensive experience in the oversight of external service providers to collective investment funds is highly valued by his current clients.
Joe currently sits on the boards of hedge funds and traditional long only funds and aids US and Canadian fund managers with their offshore structuring and global distribution requirements. Joe regularly advises on the creation of UCITS and AIFMD compliant vehicles and has an extensive record in project managing sophisticated fund launches.
Joe spent 13 years at American Express, acting as a director on the boards of its hedge funds, UCITS range and private equity funds and overseeing its offshore collective investment funds business. Prior to this he worked at Alliance Bernstein, where he managed financial controls and operational risk.
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.