Funds experts will examine Guernsey’s approach to the EU’s Alternative Investment Fund Managers Directive (AIFMD) at an event in London this November. With uncertainty still surrounding aspects of the Directive, panellists from the UK and Guernsey will look at what
The Isle of Man’s Chief Minister Tony Brown has welcomed the progress report submitted by Michael Foot to the UK Chancellor Alistair Darling. Brown says: ‘The Isle of Man regards the review of British offshore financial centres as a wholly
Murano’s Chromic Reverse Solicitation Process (Chromic RSP) enables investors and fund managers to comply with the AIFMD reverse solicitation conditions. Chromic is an important tool to assist in the documentation process. Chromic enables investors to receive information directly
Mourant Ozannes continues to lead the field in the offshore market, according to the latest rankings published by Legal 500 UK. The 2013 legal directory rankings, which include feedback from clients and peers backed up by independent research, show
Yesterday evening it was revealed that German billionaire Adolf Merckle, 74, had committed suicide on Monday night, apparently throwing himself in front of a train on a line near his home
The Financial Services Authority has announced that it is not proposing to renew its ban on the short-selling of the stocks of UK financial sector companies, which is due to expire on Janu
The Securities and Exchange Commission has obtained an emergency court order to halt an alleged Ponzi scheme and affinity fraud that collected more than USD23m from thousands of investors
Financial markets tumbled around the world during the week following the ‘Black Sunday’ for the US investment banking industry in which the third-largest investment bank, Merrill Lynch, wa
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published an enhanced statement of policy principles. The principles are set out in a new AIMA paper, Regulating Capital Markets: AIMA’s Policy Principles. The paper builds
For European asset management firm Dexia Asset Management, there’s no immediate hurry to become compliant under the newly introduced AIFM Directive. Many firms, it seems, do not see any clear advantage to being a first mover and are happy to
