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Europe

James Williams

Investor demand for QIAIF products on the rise

Thu, 11/02/2016 - 10:26

There has been a flurry of activity over at ML Capital in the last few months. The company provides a range of UCITS and AIFMD fund solutions to fund managers and currently has over USD1.5 billion of assets under management across its Dublin-based MontLake UCITS Platform and MontLake QIAIF Platform. The MontLake UCITS Platform, in particular, has added a number of new funds including: Mygale Event Driven UCITS managed by Neil Tofts; OTS Asia Opportunity UCITS, managed by OTS Capital Management, and SPARX OneAsia Long Short UCITS, managed by SPARX Asia Investment Advisors.  »

John Bohan

Open for business

Thu, 11/02/2016 - 10:13

Q&A with John Bohan (pictured), Managing Director Europe & Middle East, Apex Fund Services (Ireland). »

Ken Somerville

Irish QIAIF becoming a ‘go-to’ solution

Thu, 11/02/2016 - 09:50

According to Ken Somerville (pictured), head of business development at Quintillion Limited, Ireland's fund administrators are starting to see real interest among global fund managers, running both hedge funds and private equity funds, as Europe's credit markets continue to be restructured. This is leading to a wider, more complex range of credit strategies, with loan origination perhaps the most talked about example.  »

James Williams

Irish ICAV attracts significant fund manager interest

Thu, 11/02/2016 - 09:37

Ireland remains Europe's leading onshore hedge fund jurisdiction by some margin, yet up until a couple of years ago it could not offer fund sponsors a corporate fund structure similar to the SICAV in Luxembourg. »

ESMA resumes US CCP recognition process following EU-US agreement

ESMA resumes US CCP recognition process following EU-US agreement

Thu, 11/02/2016 - 08:56

The European Securities and Markets Authority (ESMA) has welcomed the common approach adopted by the European Commission and the US Commodity Futures Trading Commission (CFTC) on the equivalence of central counterparty (CCP) regimes. »

AIFMs welcome ‘flexibility of NPPR’ when accessing Europe

AIFMs welcome ‘flexibility of NPPR’ when accessing Europe

Thu, 11/02/2016 - 08:52

National private placement regimes (NPPR) continue to offer the flexibility and ease of access for marketing into Europe that appeal to fund managers, a London funds audience has heard. »

CFTC signs MOU with German authorities to enhance cross-border clearing supervision

CFTC signs MOU with German authorities to enhance cross-border clearing supervision

Thu, 28/01/2016 - 16:27

The US Commodity Futures Trading Commission (CFTC) has signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank, »

Kenneth Farrugia, FinanceMalta

Malta - Professional Investor Funds gain traction

Thu, 17/12/2015 - 21:37

Malta has come a long way as a fund jurisdiction since it joined the EU in 2004. Through June 2015, Malta had 146 licenced entities holding Category 1A (advisory), Category 3A and Category 4A licences. In terms of growth trends, one interesting observation is that the number of retirement schemes being established in Malta is on the rise. There are 35 such retirement schemes currently, compared to 11 in 2013. In addition, Malta is home to some 14 retirement scheme administrators, illustrating that the international pensions space is gaining traction.  »

Dominic Wheatley, Gurnsey Finance

Guernsey - Demonstrating clear value for fund managers

Thu, 17/12/2015 - 21:34

Guernsey's funds industry is demonstrating clear value to fund managers and is increasingly being viewed as a world-leading jurisdiction in which to establish investment funds; in particular hedge funds and private equity funds. »

Philip Canessa, Gibraltar Finance

Gibraltar - Onshore European option for managers using AIFMD

Thu, 17/12/2015 - 21:29

Gibraltar is a peninsula located on the southern tip of Iberia and is home to 32,000 people. It is the only British jurisdiction located in continental Europe. For managers, particularly those based in the UK, who are searching for options on where to establish an AIF, and indeed an AIFM, to comply with the AIFM Directive, the fact that Gibraltar is an English-speaking peninsula, uses Sterling as its currency, and has a legal system based on English common law, makes it highly appealing.  »

Derbhil O'Riordan, Dillon Eustace

Ireland - Europe’s leading hedge funds jurisdiction

Thu, 17/12/2015 - 21:23

Dillon Eustace is one of Ireland's leading law firms focusing on corporate and M&A, financial services, banking and capital markets, litigation and dispute resolution, real estate, insurance and taxation. Headquartered in Dublin, Ireland, the firm's international practice has seen it establish offices in Tokyo, New York, Hong Kong and the Cayman Islands. »

Luxembourg’s proposed RAIF to provide complementary alternative investment fund regime

Luxembourg’s proposed RAIF to provide complementary alternative investment fund regime

Tue, 15/12/2015 - 15:16

ALFI has welcomed the publication of a draft law relating to a new Luxembourg alternative fund structure, the Reserved Alternative Investment Fund (RAIF). »

Derek Adler, Ifina

The gateway of choice for emerging investment managers

Wed, 09/12/2015 - 09:31

The emergence of complex rules and regulations such as AIFMD and FATCA means that any new manager with visions of running their own hedge fund business must think carefully about the best route to market.  »

Euronext to appeal AMF Enforcement Committee ruling

Euronext to appeal AMF Enforcement Committee ruling

Tue, 08/12/2015 - 10:13

Euronext is to contest today's claim and fine by the Autorité des Marchés Financier (AMF), the French regulator, concerning events surrounding the rise of high frequency trading in 2009. »

Crestbridge receives Jersey ‘ManCo’ licence and bolsters funds team

Crestbridge receives Jersey ‘ManCo’ licence and bolsters funds team

Wed, 18/11/2015 - 09:04

Crestbridge in Jersey has been approved by the Jersey Financial Services Commission (JFSC) to provide Management Company (ManCo) solutions to Jersey funds, adding further to its offshore and onshore alternative fund servicing and management capabilities. »

Denise Voss, ALFI

Luxembourg’s service providers focus on AIFM solutions

Fri, 23/10/2015 - 11:41

One of the biggest challenges of AIFMD is that it directly impinges on investment activities at the manager level, as opposed to the fund level under the UCITS IV framework. This has required a shift in mindset, not just for managers, but also fund authorities in well-established fund jurisdictions such as Luxembourg.  »

Alan Picone, Kinetic Partners

A future centre of substance for AIFMs

Fri, 23/10/2015 - 11:31

Luxembourg has carved out a significant position as Europe's leading onshore fund domicile over the last 20 years. This has largely been based on the popularity of UCITS funds, and the fact that the UCITS brand is now one with genuine global investor appeal.  »

Cortland granted FCA authorisation

Cortland granted FCA authorisation

Wed, 07/10/2015 - 14:49

Cortland Capital Market Services has received authorisation from the Financial Conduct Authority (FCA) to perform regulated activities vital to the company's client base of investment managers and commercial lenders. »

ESMA adds Index CDS to central clearing obligation

ESMA adds Index CDS to central clearing obligation

Mon, 05/10/2015 - 10:27

The European Securities and Markets Authority (ESMA) has finalised and issued a draft regulatory technical standard (RTS) for the central clearing of Credit Default Swaps (CDS). »

Scott Price, Maitland

Taking away the AIFMD burden

Wed, 30/09/2015 - 11:48

For US-based hedge fund managers that already have a presence in Europe – and are confident they can meet the AIFMD's substance and reporting requirements – it makes sense to apply for AIFM authorisation. But what about US managers with European investors but no European presence? Or US managers with no current European investors, but the desire to expand into Europe in the future? Maitland can assist. »

Daniel Maycock, Lawson Connor

A new way of accessing Europe’s EUR19trn market

Wed, 30/09/2015 - 11:44

When AIFMD was introduced into European law two years ago, it set a new benchmark globally for fund governance. This shut out the majority of US hedge funds from marketing to a significant number of European investors. »

European equity industry in holding pattern ahead of new ‘unbundling’ rules

European equity industry in holding pattern ahead of new ‘unbundling’ rules

Wed, 30/09/2015 - 10:22

Despite the recent wild gyrations in global stock markets, 2015 could represent the calm before the storm for European equity brokers, which are awaiting word from regulators on new “unbundling” rules that could upend the economics of their business. »

Deutsche Börse partners with REGIS-TR to support clients in meeting MiFID II requirements

Deutsche Börse partners with REGIS-TR to support clients in meeting MiFID II requirements

Tue, 29/09/2015 - 13:52

Deutsche Börse, together with the European Trade Repository REGIS-TR, is helping clients to meet regulatory requirements under the new MiFID II European financial directive. »

ESMA readies MiFID II, MAR, and CSDR

ESMA readies MiFID II, MAR, and CSDR

Mon, 28/09/2015 - 14:04

The European Securities and Markets Authority (ESMA) has published its final technical standards (TS) on some of the most important pieces of post-crisis financial regulation: the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the Central Securities Depositaries Regulation (CSDR). »

Guernsey extends market access to EU countries under AIFMD

Guernsey extends market access to EU countries under AIFMD

Thu, 10/09/2015 - 15:42

Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey. »

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. »

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