Sign up for free newsletter

 

Europe

Gibraltar FSC signs MoU with Israel Securities Authority

Gibraltar FSC signs MoU with Israel Securities Authority

Thu, 13/08/2015 - 14:31

The Gibraltar Financial Services Commission (GFSC) has signed a Memorandum of Understanding (MoU) with the Israel Securities Authority (ISA) underlining a shared commitment by both organisations for mutual assistance and sharing of information. »

FIX Trading Community announces new regulatory subgroups focused on MiFID

FIX Trading Community announces new regulatory subgroups focused on MiFID

Wed, 12/08/2015 - 14:26

FIX Trading Community, the non-profit, industry-driven financial trading standards body, has formed six new subgroups focused on MiFID II regulation for the industry to collaborate on the most critical issues in this time of regulatory change. »

Tim Thornton, MUFG Fund Services

Uncertainty persists around AIFMD passporting permissions

Wed, 12/08/2015 - 12:27

ESMA’s AIFMD passport regime update was ‘inconclusive', says Tim Thornton, Chief Data Officer, MUFG Fund Services… »

EU confirms Guernsey endorsement

EU confirms Guernsey endorsement

Mon, 10/08/2015 - 12:57

The EU Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels. »

Bermuda fully committed to EU funds passport approval

Bermuda fully committed to EU funds passport approval

Wed, 05/08/2015 - 07:34

Bermuda remains fully committed to the process of qualifying under rules set out by the European Union for third-country rights for Island-based alternative fund managers. »

Cayman Finance welcomes ESMA statement

Cayman Finance welcomes ESMA statement

Mon, 03/08/2015 - 07:26

Cayman Finance has welcomed the European Securities and Markets Authority’s (ESMA) decision to move forward with assessments and recommendations in regards to the extension of the AIFMD Passport to non-EU AIFMs and AIFs. »

ESMA advises on extension of AIFMD passport to non-EU jurisdictions

ESMA advises on extension of AIFMD passport to non-EU jurisdictions

Thu, 30/07/2015 - 14:05

The European Securities and Markets Authority (ESMA) has published its Advice in relation to the application of the AIFMD (Alternative Investment Fund Managers Directive) passport to non-EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) and its Opinion on the functioning of the passport for EU AIFMs and the national private placement regimes (NPPRs).  »

ESMA recommends granting Jersey funds and managers an AIFMD passport

ESMA recommends granting Jersey funds and managers an AIFMD passport

Thu, 30/07/2015 - 14:01

The European Securities and Markets Authority (ESMA) has made a recommendation to the European Parliament, Council and Commission, that Jersey should be amongst those ‘third countries’ granted an AIFMD passport.   »

gavel and law books

Thousands of Swiss asset managers ‘breaching’ new FINMA rules, says MPL

Mon, 27/04/2015 - 17:00

Managing Partners Limited (MPL) has launched a new service to help the thousands of Swiss asset management firms it believes are now struggling to meet – and are already breaching – new rules introduced by regulator FINMA. »

John Seo, Fermat Capital Management

Cat bonds – issuance, yields and what’s to come

Mon, 13/04/2015 - 12:46

Dr John Seo (pictured), Co-Founder and Managing Principal, Fermat Capital Management on the UK government’s plans for tax legislation allowing cat bonds to be issued from and domiciled in the UK… »

barred

City Noble calls on a ban for DB to DC transfers

Mon, 30/03/2015 - 13:23

There has been speculation that defined benefit transfer volumes will increase after April as clients seek to take advantage of the new flexibility, says Eamonn O’Connor, Director at City Noble… »

Rolf Bachner, Managing Director, EMEA Funds Product Manager, BNY Mellon

UCITS V fine tunes investor protection

Thu, 19/03/2015 - 11:37

Rolf Bachner (pictured), Managing Director, EMEA Funds Product Manager, BNY Mellon, commenting on the new UCITS V regulations… »

Isle of Man

Isle of Man launches Insurance Special Purpose Vehicle legislation

Tue, 10/03/2015 - 10:30

The Isle of Man Government has launched new legislation in respect of Insurance Special Purpose Vehicle (ISPV) legislation which enhances the Island’s proposition for insurance business. »

Irish

IFIA welcomes first funds under new ICAV Act

Tue, 10/03/2015 - 09:00

The Irish Funds Industry Association (IFIA) has welcomed the enactment of the Irish Collective Asset-management Vehicle (ICAV) Bill, signed into Irish law by the Irish president late last week.  »

Omar Kodmani, Permal Group

Fund of funds group Permal to launch onshore in Ireland

Mon, 09/03/2015 - 10:22

Permal is one of the first fund managers to take advantage of the new Irish Collective Asset management Vehicle or ICAV structure, with plans to use it to bring up to USD4bn of assets onshore.   »

law books

FCA fines Aviva Investors GBP17.6m for systems and controls failings

Thu, 26/02/2015 - 09:00

The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services (Aviva Investors) GBP17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly.  »

Leila Khazeneh, Jabre Capital Partners

Harmonisation with EU standards is crucial

Tue, 24/02/2015 - 20:36

“One of the most important considerations for us when choosing the legal representative was that they had a strong compliance structure,” affirms Leila Khazaneh (pictured), general counsel at Jabre Capital Partners, one of Switzerland’s most established hedge fund managers.  »

law books and gavel

ConceptONE facilitates Annex IV filings in multiple EU jurisdictions

Mon, 16/02/2015 - 20:00

ConceptONE has facilitated the successful submission of AIFMD Annex IV filings for clients in multiple EU jurisdictions utilising its RegERM platform.  »

EU flag

Switzerland’s challenge is Germany’s opportunity

Fri, 16/01/2015 - 16:45

The eurozone could soon see full scale quantitative easing, says Robert Smith, Investment Manager of the Baring Asset Management German Growth Trust… »

dark pool

SEC charges UBS subsidiary over dark pool violations

Fri, 16/01/2015 - 16:00

The Securities and Exchange Commission has charged a subsidiary of UBS with disclosure failures and other securities law violations related to the operation and marketing of its dark pool. »

Peter Cripwell, RiskSystem

Annex IV impact will be substantial

Tue, 13/01/2015 - 10:20

Ahead of the 31 January 2015 deadline for Annex IV reporting, Peter Cripwell (pictured), CEO of RiskSystem, gives his views on the issues it’s having on the industry… »

Dominic Wheatley, Guernsey Finance

A unique offering for Latin American investment

Wed, 17/12/2014 - 10:13

Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains how the Island provides Latin American fund managers and investors with a unique offering. »

Ben Eaton, Goodwin Procter

UK Finance Bill 2015 draft clauses sow further uncertainty

Fri, 12/12/2014 - 11:58

Ben Eaton (pictured), a UK tax partner in Goodwin Procter’s London office, comments on the Finance Bill 2015 draft clauses published by the UK government… »

Guernsey flag

A fresh solution for open-ended funds

Thu, 11/12/2014 - 13:03

By Dominic Wheatley, Guernsey Finance – Guernsey’s 50 years as a funds centre makes it an ideal jurisdiction in which to nurture innovative open-ended funds, argues Dominic Wheatley from Guernsey Finance. »

Geoff Cook

New legislation can bolster Jersey Hedge Fund appeal, says Jersey Finance

Tue, 09/12/2014 - 14:15

A change to Jersey’s legislation will help bolster the jurisdiction’s standing as a centre for hedge fund business, according to Jersey Finance. »

John Cartwright, AREF

AREF welcomes UK's proposed stamp duty land tax relief

Thu, 04/12/2014 - 11:20

John Cartwright (pictured), Chief Executive of the Association of Real Estate Funds (AREF), comments on the UK government’s objective to introduce stamp duty land tax relief in 2016… »

Brian McDermott, A&L Goodbody

The ICAV: New opportunities

Thu, 20/11/2014 - 14:17

By Brian McDermott (pictured) & Nessa Joyce – Ireland took a significant step closer to paving the way for the establishment of the Irish collective asset-management vehicle (the ICAV) with the publication of the ICAV Bill on 29 July this year, the early enactment of which has been cited as a priority for the Irish Government. »

Clive Bellows, Northern Trust

Regulated fund market set to grow with direct lending vehicle

Thu, 20/11/2014 - 13:54

With total hedge fund AuM now nearing USD3trn, the last 12 months have been a noticeable period of growth for the industry at large. Admittedly, 2014’s performance figures aren’t as strong as 2013 but as the regulatory dust in Europe settles many more managers are striking out and launching new funds. »

Sean O'Donovan, Clearstream

A one-stop subcustodian service

Thu, 20/11/2014 - 13:50

On 3 October 2014, Clearstream, a Luxembourg-headquartered international central securities depositary, successfully completed the acquisition of Citco Global Securities Services Limited (CGSS). With the integration of around 300 Citco employees, the Cork-based office is now Clearstream’s largest operational hub for processing funds. »

Toem Kirkpatrick, SS&C GlobeOp

New tool for operational risk

Thu, 20/11/2014 - 13:46

Under the AIFMD, European fund managers must focus more intently on operational risk. Earlier this summer, the Central Bank of Ireland produced an AIF rulebook highlighting 16 requirements to which an AIFM should adhere in order to establish best practices around operational risk. »

features
Article
Preqin Special Report: Hedge Fund Manager Outlook – Augst 2015

In this excerpt from Preqin Special Report: Hedge Fund Manager Outlook, we take a closer look at the level of competition in the industry today and use our latest survey results to reveal fund manager predictions for asset growth for the rest of 2015. ... »

Article
survey

The Preqin Special Report: Private Debt Fund Manager Outlook features exclusive survey results drawn from over 100 private debt fund managers worldwide. This extract discusses what fund managers have highlighted as the biggest issues facing the industry and their views on regulation. ... »

Special report
Cybersecurty for Hedge Funds

Cybersecurity for Hedge Funds

Thu, 30/07/2015 - 11:00

Cybersecurity is no longer simply an IT issue, it is now a business issue. This is the conclusion of the experts and fund managers around the world whose opinions were polled for this landmark Hedgeweek Special Report, which outlines Best Practices for Cybersecurity in a fast-changing environment where managers need to keep several steps ahead of cyber criminals... »

Article
EU Flag

Hedge fund manager outlook on the AIFMD

Wed, 22/07/2015 - 19:52

The introduction of the Alternative Investment Fund Managers Directive (AIFMD) into European law in 2013 was part of a series of moves towards greater regulatory oversight of the hedge fund industry in recent years. In our survey, we asked hedge fund managers for their views on the effect of these new regulations on the industry as well as their expectations about the impact of the AIFMD on their firm over the next 12 months, the results of which are analyzed in this extract from the Preqin Special Report: AIFMD in the Hedge Fund Industry – 2015 Update. ... »

Article
Ken MacCuish, Intralinks

A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.  ... »

Article
Sovereign Wealth Funds

Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review.  ... »

latestjobs
Investment Banking VP (Financial Sponsors)

Fri, 28 Aug 2015 00:00:00 GMT

Investment Banking Restructuring Analyst/Associate

Fri, 28 Aug 2015 00:00:00 GMT

Investment Banking Associate (Specialty Finance)

Fri, 28 Aug 2015 00:00:00 GMT

events
1 day 12 hours from now - Texas
1 week 2 days from now - New York
1 week 3 days from now - New York
2 weeks 1 day from now - London
2 weeks 2 days from now - California
specialreports