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Malta hosts a wide range of service providers, all of whom are well versed in structuring and supporting alternative investment funds, fund administration, risk management and so on. According to the MFSA’s statistics for Q1 2017, Malta had 26 recognised fund administrators, 115 Category 2 investment services groups, and 153 Company Service Providers.
From a fund launch perspective, a total of 21 Professional Investment Funds (PIFs) were licensed and three Notified Alternative Investment Funds (NAIFs).
“Overall, for the past 12 months fund formations in Malta have been strong,” says Nicholas Warren, Manager, Corporate Services, Chetcuti Cauchi Advocates. “We’ve seen
- 21/06/2017
- 21/06/2017
Traditionally, Luxembourg’s fund industry has always been based on the products being regulated. Both UCITS funds, and Specialised Investment Funds (SIFs) under AIFMD, work on this premise. However, the Grand Duchy was quick to realise that given AIFMD is manager regulation, it created a double layer of regulation for alternative investment fund managers (AIFMs) wishing to run alternative investment fund (AIF) products.
As Kavitha Ramachandran (pictured), Senior Manager Business Development & Client Management at Maitland, explains, this was a potential problem where time to market was essential.
“This is what led to the creation of the Reserved Alternative Investment Fund
- 21/06/2017
- 21/06/2017
What does the future hold for the raising of funds in Europe? Wayne Atkinson (pictured) of Collas Crill, on behalf of the Guernsey Investment Fund Association, takes a closer look…
With the arrival of the Alternative Investment Fund Managers Directive (AIFMD), many were quick to bemoan what they saw as the inevitable loss of their favoured route to market; the use of national private placement regimes in the key European markets to raise capital for a Guernsey fund vehicle. With the passing of a few more years, a Brexit referendum and more than a little regulatory delay, it is becoming increasingly
- 21/06/2017
By James Williams – 1. Choosing the Fund’s European Domicile: One of the hardest decisions for any start-up or established manager wishing to launch a European Alternative Investment Fund is picking the most suitable jurisdiction. Europe has multiple fund centres, including Luxembourg, Ireland, Malta and The Netherlands, each of which offers something slightly different. Due care and consideration of all the options is therefore vital before the manager engages with legal counsel to commence the fund set-up phase.
Europe’s largest onshore funds domicile is Luxembourg, home to approximately 14,400 funds, including sub-funds, representing just short of EUR4 trillion in AUM,
- 21/06/2017
- 21/06/2017
Welcome to the 2017 edition of GFM’s Guide to setting up an Alternative Investment Fund in Europe. It is the first of a two-part series, the second part will focus on setting up an AIF in the USA, and will be published later this year.
This edition is published as the UK finally begins the all-important process of negotiating the precise trade terms under which it will conduct its Brexit from the EU, terms which will clarify how investment funds outside the UK are regulated and structured for marketing and distribution purposes within the UK, and how UK investment managers
- 21/06/2017
Six months ahead of the MiFID II implementation deadline, alternative asset managers still face uncertainty, with 34 per cent of firms undecided for example on how to pay for research, according to a survey by the Alternative Investment Management Association (AIMA).
Fund managers globally cited as their biggest MiFID challenges uncertainty around what the MiFID II rules mean – both their scope and substance – as well as what they perceived to be a lack of clarity relating to the cost and nature of services provided by brokers.
The AIMA survey showed that, among the two-thirds of alternative asset
- 21/06/2017
Alex Arnold, Former CEO and Research Director of Detwiler Fenton & Co, has joined Odeon Capital Group as a Managing Director on the firm’s Equity Research team, covering the Consumer sector as well as Technology and Media.
At Detwiler, Arnold constructed the firm’s research model around TMT, then Consumer and Clean Energy, and managed it for more than a decade. With more than 20 years of investment experience, Alex has been recognised as a “Best on the Street” analyst by the Wall Street Journal; but he’s also run a hedge fund, participated on the investment banking side of the business.
- 21/06/2017
- 21/06/2017
As alternative investments become more mainstream, information about investment vehicles, underlying assets and other risk management data has become more important to investors, but best practices around transparency requirements are lagging behind the demand, according to a survey released today by Northern Trust.
The independent survey of 200 asset managers and institutional investors, conducted in February 2017 by The Economist Intelligence Unit (EIU) and sponsored by Northern Trust, reveals that transparency leads all investment considerations and has grown in importance since the 2008 financial crisis. Respondents indicated the higher level of scrutiny applies to both traditional and alternative investments, such
- 21/06/2017
Sanne has made a senior appointment in its New York office, with Fred Steinberg (pictured), joining the firm as Managing Director – New York.
With more than 30 years of industry experience, Fred will have responsibility for the day-to-day operations of Sanne’s New York and Belgrade offices. He joins Sanne from Morgan Stanley, New York, where he held the position of executive director in finance overseeing its closed ended alternative asset funds.
Steinberg will also help drive the business forward by strengthening Sanne’s market-leading proposition for clients in the Americas and abroad through the business’s outsourced alternative asset and
- 21/06/2017
Quantave has entered the closed beta-testing phase for its complete trade life-cycle infrastructure for digital assets.
The infrastructure opens the digital assets market to institutional traders and investors, transforming the way they engage and transact with this dynamic market, whilst ensuring the safety and security of their assets. Quantave is now rigorously testing the model with its initial partners.
The existing trade-lifecycle infrastructure that underpins this nascent market has, until now, been largely unsuitable for institutional investors. Accessing liquidity has been complex due to the fragmented nature of the market requiring repetitive onboarding and capital management processes.
Trading
- 21/06/2017
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