Event-driven managers track market signals in real time, but the event-driven terms buried in their own contracts—MAC clauses, covenants, cross-defaults, cure periods—are often tracked with a spreadsheet. This piece breaks down how Quadrangle's QDS platform applies that same real-time discipline to contract monitoring, automatically flagging triggers and generating deadlines backed by in-house legal review.

More managers are launching through a separately managed account before ever raising a commingled fund. It's an efficient path to institutional capital: an allocator gets position-level transparency and a mandate built to its own specifications, without having to underwrite a manager's full back office on day one.

Dealers are already circulating sponsored repo annexes ahead of the SEC's Treasury repo clearing mandate — treating the notice as a formality costs more than most firms realize.

NDAs aren't just paperwork — they're live obligations. Learn why treating negotiation and post-signature tracking as one connected lifecycle, rather than separate steps, is essential to real risk management, and how Quadrangle helps firms stay on top of every agreement they've signed.

NAV or Net Worth decline covenants (“NAV Covenants”) serve as a warning of material credit deterioration, and a breach of the threshold can result in a default or termination right under the agreement.

Sharp declines in AI-linked securities and Korean equities can trigger NAV thresholds in your trading agreements—putting vital financing at risk. Use QDS to confirm your NAV triggers and monitor potential covenant breaches before they escalate.

With September approaching, this is a good moment to check in on where your firm stands with the Uncleared Margin Rules (UMR) as it relates to CFTC covered swap entities.

Artificial intelligence has rapidly moved from experimentation to daily use across investment management firms. From research and data analysis to internal workflows, reporting, and knowledge management, AI-powered tools are increasingly embedded in how firms operate.

As discussed in our previous posts on side letter negotiation and structuring, these agreements are often the product of careful, strategic drafting.

While covenants are designed to protect lenders, they are only as effective as a firm’s ability to track, interpret, and act on them in real time.