The Irish Minister for Finance has approved, in principle, the development of legislation for a new corporate structure for funds which is intended to meet US ‘check the box’ requirements and reduce administrative costs. This step is consistent with the
AIMA has launched an improved series of illustrative due diligence questionnaires for the selection of managers and service providers. Dermot Butler, Deputy Chairman of AIMA and Chairman of
Leading law firm Maples and Calder has opened a new office in Jersey, Channel Islands, and has acquired a key law firm in the British Virgin Islands. Maples and Calder, ranked as the world’s
Ian Cadby, currently Chief Investment Officer of Liberty Ermitage Group, has been appointed Chief Executive Officer, with effect from 1 September. Cadby (42) is taking over the reins from Ro
The Alternative Investment Management Association (AIMA), the global hedge fund trade association, has expressed concern about the European Commission’s new draft text for the implementation of the Alternative Investment Fund Managers Directive (AIFMD). The European Commission proposed the new text
The two key industry associations, London-based AIMA and Washington based MFA, voiced strong concerns on the SEC’s registration proposals.
The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal district court in New York charging the Royal Bank of Canada (RBC), a Canadian bank and financial services firm doing business in New York, with conducting a
Royal Bank of Canada has “vigorously rejected” the Commodity Futures Trading Commission’s (CFTC) allegations that the bank was involved with a “multi-hundred million dollar wash sale scheme”. On Monday this week The US CFTC announced the filing of a complaint
The SEC has filed civil fraud charges against PIMCO over undisclosed market timing trades of over USD 4 billion conducted by Canary Capital Partners LLC.
Some of the biggest European pensions including those run by Nestle, Electrolux, BT, Railpen Investments and a number of UK councils, are making significant allocations to h
