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Pictet Asset Management, the asset management and fund distribution arm of Swiss private bank, Pictet & Cie, one of the country’s oldest largest private banks, announced this week
Managers sitting on ML Capital’s MontLake platform are about to gain exposure to hundreds of banking groups across the German and Swiss markets.
Asia and the Middle East could potentially become major offshore centres for alternative investment funds according to a report published by the Association of the Luxembourg Fund Industry (
Jersey Finance says it is encouraged by the contents of the European Securities and Markets Authority (ESMA) report on the Alternative Investment Fund Managers Directive (AIFMD), which was published last week and contains its final recommendations to the European Commission.
There has been a change in the wording between the earlier draft and the final report in one important aspect in respect of ‘third countries’, the term used to describe jurisdictions outside of the EU. Though the regulatory standards remain high and robust, the change is positive for ‘third countries’ since it makes it less onerous to achieve compliance. The
The Isle of Man Fund Management Association (FMA) has appointed Ian Morley as the Isle of Man’s London representative for funds in a bid to further strengthen its commitment to attracting new UK and international business towards the Island.
Morley will work with the Isle of Man Department of Economic Development to create the new strategic business plan for the Isle of Man Funds Industry, focusing primarily on further developing links and opportunities with the City of London, a prime source of business for the Isle of Man’s funds sector.
As a leading figure and pioneer in the hedge funds
Maybank Islamic Berhad has taken the decision to partner up with Singapore-
Asian hedge funds, battling to raise assets, are willing to give up their secrecy and provide clients with more control of their investments in a bid to secure institutional tickets reported Reuter
Asian Century Quest, a New York-based hedge fund managing a USD272million e
Kinetic Partners and ACA Compliance Group, both regulatory and compliance advisory firms, are opening offices in Hong Kong next year as financial firms operating there look to gain a better underst
The Futures and Options Association (FOA) is enhancing its regulatory resources with the appointment of Blake Stephenson as Manager, Regulation, with effect from 28 November. Stephenson joins the FOA from the Financial Services Authority (FSA) where he was part of the exchange supervision team. He is also a qualified solicitor.
At the same time, Simon Andrews has been promoted to Director of Commodities, a new role which will see him spearhead the FOA’s increased activities in this sector. Simon has been with the FOA for six years and has additional oversight of prudential regulation and taxation issues.
Both Andrews and
