Legal &amp; Regulation http://www.hedgeweek.com/taxonomy/term/65/all en Former hedge fund controller Herzing jailed for four years for embezzling more than USD9m http://www.hedgeweek.com/2015/04/28/222396/former-hedge-fund-controller-herzing-jailed-four-years-embezzling-more-usd9m <a href="http://www.globalfunddata.com?title=&country[0]=United+States&status=Active&return_date=2012-05-03&searchType=advanced" title="See all United States funds" >United States funds</a> <a href="http://www.globalfunddata.com/funds/search/hedge'?title=&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Hedge funds" alt="See all Hedge funds">Hedge</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> inhouse content </div> </div> </div> <p><em><strong>Lawrence J Herzing, the former controller of Contrarian Capital Management, has been sentenced to four years in prison after being found guilty of embezzling more than USD9 million from the Greenwich-based hedge fund.</strong></em></p> Legal & Regulation Tue, 28 Apr 2015 10:15:00 +0000 mkitchen 222396 at http://www.hedgeweek.com Madoff Trustee seeks release of USD1.249bn from customer fund reserves http://www.hedgeweek.com/2015/04/17/221685/madoff-trustee-seeks-release-usd1249bn-customer-fund-reserves <a href="http://www.globalfunddata.com/funds/search/hedge'?title=&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Hedge funds" alt="See all Hedge funds">Hedge</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><strong><em>The Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), is seeking the release of USD1.249 billion out of a total USD1.499 billion being held in reserve under a September 2012 Bankruptcy Court order.</em></strong></p> Legal & Regulation Fri, 17 Apr 2015 05:00:00 +0000 Leah.Cunningham 221685 at http://www.hedgeweek.com ICE Clear Europe granted CFTC order permitting portfolio margining of futures and foreign futures contracts by non-clearing member FCMs http://www.hedgeweek.com/2015/03/30/220631/ice-clear-europe-granted-cftc-order-permitting-portfolio-margining-futures-and-for <a href="http://www.globalfunddata.com/funds/search/hedge'?title=&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Hedge funds" alt="See all Hedge funds">Hedge</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><strong><em>The US Commodity Futures Trading Commission (Commission) has issued an order granting a request from ICE Clear Europe Limited (ICE Clear Europe), a Commission-registered derivatives clearing organisation, for an order pursuant to Section 4d(a) and (b) of the Commodity Exchange Act.</em></strong></p> Legal & Regulation Mon, 30 Mar 2015 09:00:00 +0000 Leah.Cunningham 220631 at http://www.hedgeweek.com Regulatory compliance and confidentiality are key considerations when choosing a legal representative http://www.hedgeweek.com/2015/03/10/219732/regulatory-compliance-and-confidentiality-are-key-considerations-when-choosing-leg <a href="http://www.globalfunddata.com?title=&country[0]=Switzerland&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Switzerland funds" >Switzerland funds</a> <a href="http://www.globalfunddata.com/funds/search/hedge'?title=&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Hedge funds" alt="See all Hedge funds">Hedge</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>As of 1 March 2015, it has become mandatory for fund managers distributing their products in Switzerland to commission a Swiss legal representative and paying agent. Regulatory compliance is the name of the game when it comes to the service provided by UBS.&nbsp;</strong></em></p> Legal & Regulation Special Reports Tue, 10 Mar 2015 17:14:31 +0000 mkitchen 219732 at http://www.hedgeweek.com DMS Offshore Investment Services named Best Offshore Regulatory Advisory Firm in Hedgeweek Awards http://www.hedgeweek.com/2015/03/06/219577/dms-offshore-investment-services-named-best-offshore-regulatory-advisory-firm-hedg <a href="http://www.globalfunddata.com/funds/search/hedge'?title=&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Hedge funds" alt="See all Hedge funds">Hedge</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><strong><em>DMS Offshore Investment Services (DMS has been named Best Offshore Regulatory Advisory Firm 2015 in the annual Hedgeweek Global Awards.</em></strong></p> Compliance Legal & Regulation Fri, 06 Mar 2015 15:00:00 +0000 Leah.Cunningham 219577 at http://www.hedgeweek.com Protected cell companies for fund and non-fund structures http://www.hedgeweek.com/2015/02/26/218531/protected-cell-companies-fund-and-non-fund-structures <a href="http://www.globalfunddata.com?title=&country[0]=Guernsey&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Guernsey funds" >Guernsey funds</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><strong>PCCs can be used for a wide variety of fund and non-fund structures within the investment world, writes Joe Truelove (pictured), Head of Fund Services at Carey Group.</strong></p> Legal & Regulation Thu, 26 Feb 2015 10:00:00 +0000 mkitchen 218531 at http://www.hedgeweek.com Managers face Swiss Legal Representative requirement http://www.hedgeweek.com/2015/02/24/218720/managers-face-swiss-legal-representative-requirement <a href="http://www.globalfunddata.com?title=&country[0]=Switzerland&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Switzerland funds" >Switzerland funds</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> inhouse content </div> </div> </div> <p><em><strong>The sands of time are running out for hedge fund managers wishing to continue distributing their funds to Swiss investors. As of 1 March 2015, any foreign hedge fund looking to raise assets in Switzerland from qualified investors will be required to appoint a Swiss legal representative and paying agent.&nbsp;</strong></em></p> Legal & Regulation Special Reports Tue, 24 Feb 2015 20:22:34 +0000 James.Williams 218720 at http://www.hedgeweek.com Montlake QIAIF Platform provides AIFMD solution http://www.hedgeweek.com/2015/02/19/218480/montlake-qiaif-platform-provides-aifmd-solution <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>Hedge fund managers have two options when looking to bring a regulated fund product to Europe. The first is to go the UCITS route, the second is to establish an AIF, under the much more recent AIFM Directive, which is a far less trodden path than the UCITS regime.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:29:01 +0000 mkitchen 218480 at http://www.hedgeweek.com The art of orchestration as a European AIFM http://www.hedgeweek.com/2015/02/19/218479/art-orchestration-european-aifm <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>Luxembourg-based Fuchs Asset Management is not your typical AIFM provider. Its heritage is firmly rooted in wealth management. Having now grown into a team exceeding 100 people, it took the decision to diversify its offering and set up an AIFMD-compliant management company, receiving its license from the CSSF last June.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:26:35 +0000 mkitchen 218479 at http://www.hedgeweek.com Understanding the AIFMD distribution landscape http://www.hedgeweek.com/2015/02/19/218478/understanding-aifmd-distribution-landscape <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>&ldquo;I was in Chicago recently. A German pension fund said they had a USD500m allocation in a Chicago-based fund. They wanted to know that they could continue having a relationship with the manager and they said that having the depositary guarantee (under AIFMD) was important to their end investors. They told the manager that they wanted to put their USD500m allocation into an EU-regulated fund.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:23:27 +0000 mkitchen 218478 at http://www.hedgeweek.com Setting up a hedge fund under AIFMD http://www.hedgeweek.com/2015/02/19/218477/setting-hedge-fund-under-aifmd <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>The AIFM Directive may not be universally welcome but with greater focus being applied to compliance and operational risk oversight within the fund management industry, it is at least ensuring a new breed of higher quality fund manager; which for investors is good news.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:20:59 +0000 mkitchen 218477 at http://www.hedgeweek.com Owning an AIFM without the operational burden http://www.hedgeweek.com/2015/02/19/218476/owning-aifm-without-operational-burden <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>Cordium, one of the industry&rsquo;s leading regulatory and compliance firms, has devised a new offering for the European market to help managers overcome the marketing challenges of AIFMD.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:18:08 +0000 mkitchen 218476 at http://www.hedgeweek.com Extending AIFM license to PE and real estate funds http://www.hedgeweek.com/2015/02/19/218475/extending-aifm-license-pe-and-real-estate-funds <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>Last May, MS Management Services SA, a Luxembourg-based subsidiary of the Maitland group, received authorisation from the CSSF to act as a third-party AIFM to alternative investment funds. At the same time, it established its own umbrella fund platform, MS SICAV SIF, to support managers wishing to fast track the process of launching an AIFMD-compliant fund in Europe.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:15:32 +0000 mkitchen 218475 at http://www.hedgeweek.com ESMA needs to clarify specific Annex IV issues http://www.hedgeweek.com/2015/02/19/218474/esma-needs-clarify-specific-annex-iv-issues <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><em><strong>Ask any AIFM what the key regulatory challenge is under AIFMD and the response is unanimous: Annex IV reporting.&nbsp;</strong></em></p> Legal & Regulation Special Reports Thu, 19 Feb 2015 18:11:52 +0000 mkitchen 218474 at http://www.hedgeweek.com Managers continue to use Guernsey’s AIFMD private placement regime http://www.hedgeweek.com/2015/02/13/218254/managers-continue-use-guernsey%E2%80%99s-aifmd-private-placement-regime <a href="http://www.globalfunddata.com/funds/search/hedge'?title=&status=Active&return_date=2012-05-03&searchType=advanced" title="See all Hedge funds" alt="See all Hedge funds">Hedge</a> <div class="field field-type-text field-field-inhouse-content"> <div class="field-label">Inhouse content:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> off </div> </div> </div> <p><strong><em>As at 31 January 2015, 46 Guernsey Alternative Investment Fund Managers (AIFMs) have used the isand&rsquo;s National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe.</em></strong></p> Legal & Regulation Funds Fri, 13 Feb 2015 16:00:00 +0000 Leah.Cunningham 218254 at http://www.hedgeweek.com