Asset Management 2020 Updates

This Fall, KPMG in Bermuda offered a three-part training series on Asset Management 2020 Updates.

KPMG in Bermuda offered a three-part training series on Asset Management 2020 Updates.

Asset Management 2020 Updates

The virtual sessions covered: Accounting, PE & ILS Valuation, Tax & Advisory related updates and addressed frequent asked questions on these topics. The local KPMG Team added their perspectives and insights that many audiences found valuable. 

The complimentary sessions were recorded and are now available online. Slides and supporting information per session can be found below. Tune-in and feel free to reach out to the speakers if you have any questions or would like further information.

KPMG Asset Management Practice

KPMG in Bermuda works with over 300 private equity, ILS and hedge fund clients. These clients range in asset size from over $1billion to start-ups; many who are at different stages in a-funds-life-cycle: inception to strategy, launch to expansion, and some in the winding down phase.

Several clients are listed on stock exchanges in Bermuda, Ireland, UK and the US. Our clients also include asset managers, fund administrators and service providers that focus on hedge funds, private equity funds and other alternative investment funds.

Session 1 - Private Equity and ILS Valuations

Date: Monday, September 28, 2020

Presentation Deck

Differences in IPEV and AICPA valuation guidelines, and discusses best practices and methodologies used in both Private Equity and ILS valuations. The session also discusses common issues faced in auditing inputs on these valuation methods.

Session 2 - Tax and Advisory

Date: Monday, October 5, 2020

Presentation Deck

This session will cover regulatory and tax updates in Bermuda, including insights into Bermuda’s first privacy law called PIPA (Personal Information Protection Act 2016), as well as latest trends in cyber security, and Economic Substance.

Session 3 - Accounting

Date: Monday, October 12, 2020

Presentation Deck

The session highlights the new accounting pronouncements applicable to the Asset Management industry under both US GAAP and IFRS, including a discussion of the impact of COVID-19 on financial statements disclosures for the year ending December 31, 2020.

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