By Susan Lock, Campbells – The Alternative Investment Fund Managers Directive (AIFMD) is extremely broad in scope. It applies to entities performing risk or portfolio management from within the European Economic Area (“EEA”) for both non-EEA or EEA Alternative Investment
Although the AIFM Directive is uniform EU-wide regulation each member state is likely to adjust its national private placement regime rules idiosyncratically. For managers of non-EU funds, therefore, it’s important that they are clear on the rules if they intend
By Colin MacKay, Ogier Fund Services – At its recent annual general meeting, the Cayman Islands Directors Association reported that new member applications in 2013 grew by over 15 per cent; further evidence, if it were needed, that the provision
By Ras Sipko, Chief Operating Officer of Koger – Regardless of the differences in their intent and emphasis, both the Alternative Investment Fund Managers Directive (AIFMD) and the Foreign Account Tax Compliance Act (FATCA) impose considerable demands on fund managers
The one known unknown facing managers amidst increased regulation is the rising cost of doing business. But it’s not just managers facing cost pressures. Service providers are too, especially fund administrators who serve as gatekeepers to data managers and need
By Geoff Ruddick, IMS Fund Services – Independence – Independence is the ‘Holy Grail’ of effective corporate governance. If a director is not independent, conflicts of interest will inevitably arise and interfere with the director’s ability to act in the
By Colin MacKay – The 2007/8 global financial crisis continues to influence the environment within which the Cayman investment funds industry operates. Global economic patterns, largely driven by factors emerging from that crisis, continue to shape cross-border political and regulatory
With the global financial markets remaining fragile, it is still unclear to what extent the secondary effects of the credit crunch will impact the fund industry in Luxembourg, but industry experts are
Solidly established as a global leader in the investment funds world, the Grand Duchy of Luxembourg has recently been seeing an increasing number of hedge funds, and especially funds of real estate fu
Latency: A measure of delay. In a market where speed is of the essence, the spotlight falls on the issue of latency. Latency is the time it takes to get a deal done, cancel an order or know what is
