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
Cordium, one of the industry’s leading regulatory and compliance firms, has devised a new offering for the European market to help managers overcome the marketing challenges of AIFMD. Entitled the Cordium Total AIFM Solution (CTAS), the objective is to establish
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
Ask any AIFM what the key regulatory challenge is under AIFMD and the response is unanimous: Annex IV reporting. The first deadline, 31 January 2015, has passed. But there are still many points to clarify on a substantial transparency report;
Alternative fund managers wishing to continue to market their funds into Europe have to navigate unchartered territory. The AIFMD only really kicked in last July at the end of the grandfathering period, since when both EU and non-EU AIFMs have
The European Securities and Markets Authority (ESMA) has published an annual report (Report) on its direct supervisory activities in 2014 regarding credit rating agencies (CRAs) and trade repositories (TR). The report summarises the key actions taken during 2014 and outlines
Geneva-based Unigestion has been investing in hedge funds for over 25 years and has seen investor attitudes change substantially over that time. The dominance of institutional money flooding into alternatives is well documented. But whilst fund-of-hedge fund firms appear to
According to the Q3 statistical bulletin published by the BVI Financial Services Commission (FSC), the islands’ financial regulator, a total of 27 limited partnerships were recorded in Q2 2014 compared to 16 in Q2 2013. That figure rose in Q3 to
There appears to have been a real pick-up in interest in BVI segregated portfolio company (SPC) formations over the last 12 months. Many recent conversations with start-up managers seem to be about forming such structures according to Marie-Claire Fudge (pictured),
By James Williams – There’s a general air of optimism among the BVI’s fund practitioners. Although the average hedge fund recorded sub-four per cent, the lowest average return since 2011, there was nevertheless a clear uptick in trading activity, principally
